Local Bank Provides $3.4M Non-Recourse Loan For Retail Property On 164 E. Grand Avenue In Chicago

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].