Local Bank Provides $3.4M Non-Recourse Loan For Retail Property On 164 E. Grand Avenue In Chicago | 164 East Grand Avenue | Neil Freeman, Brandon Perdeck | Retail | Loan

Summary

Loan

ILLINOIS

Retail

8,700 sqft

A retail restaurant located at 164 E. Grand Avenue in Chicago was recently involved in an acquisition financing deal. The transaction took place on December 31, 2020, with the assistance of Neil Freeman and Brandon Perdeck from Aries Capital, LLC. The property, owned by Reuger Holding, received a loan from Local Bank in the amount of $3,400,000. The loan terms were non-recourse.

Summary of Transaction Details

Property Type: Retail
Transaction Amount: $3,400,000
Address: 164 E. Grand Avenue
Market: Chicago

Aries Capital, represented by Neil Freeman and Brandon Perdeck, facilitated the acquisition financing for the retail restaurant, despite the challenging circumstances of the ongoing pandemic. For any further financing needs, interested parties can contact Brandon Perdeck at [email protected].

Players

All
3

Agents
2
Agencies
1

$21.6M Sold

Details

Deal Summary

FINANCED

IMAGE: Neil Freeman & Brandon Perdeck DATE: 12/31/2020 ADDRESS: 164 E. Grand Avenue MARKET: Chicago ASSET TYPE: Retail LENDER: Local Bank LANDLORD: Reuger Holding BROKERS: Neil Freeman & Brandon Perdeck (@BrandonPerdeck) - Aries Capital, LLC LOAN AMOUNT: $3,400,000 LOAN TERMS: Non Recourse NOTE: Aries Capital was able to close the Acquisition financing for a retail restaurant in the middle of the pandemic. Please reach out to @brandonperdeck or [email protected] for any financing needs.

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Address164 East Grand Avenue

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