FINANCED
Bellwether Enterprise Provides $74.5M Loan For Retail Properties In Cicero, Palatine, Mount Prospect & Naperville
2601 South Cicero Avenue, 423-585 East Dundee Road, 1000-1080 South Elmhurst Road, 704 South State Route 59 & 237-285 West Dundee Road
Retail
Financed 1 year ago
Summary
Loan
ILLINOIS
Retail
The retail property located at 2601 S Cicero Ave, 423-585 E. Dundee Road, 1000-1080 S. Elmhurst Road, 704 South State Route 59 & 237-285 W. Dundee Road in the cities of Cicero, Palatine, Mount Prospect, and Naperville has been involved in a closed transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $74,487,616
- Market: Cicero, Palatine, Mount Prospect & Naperville
The loan for this property was provided by Bellwether Enterprise Real Estate Capital LLC (BWE), with Daniel Rosenberg representing the lending company. The loan amount is $74,487,616. It is a fixed rate, interest-only loan designed to protect against future rate increases. The loan has a term of three years and includes two one-year extension options. The landlord of the property is Continental Realty Corporation.
Details
FINANCED
IMAGE: Daniel Rosenberg
DATE: 12/12/2022
ADDRESS: 2601 S Cicero Ave, 423-585 E. Dundee Road, 1000-1080 S. Elmhurst Road, 704 South State Route 59 & 237-285 W. Dundee Road
MARKET: Cicero, Palatine, Mount Prospect & Naperville
ASSET TYPE: Retail
LENDER: Bellwether Enterprise Real Estate Capital LLC (BWE) - Daniel Rosenberg
LANDLORD: Continental Realty Corporation (@CRCrealty)
LOAN AMOUNT: $74,487,616
LOAN TERMS: fixed rate, interest-only loan to help protect against future rate increases. The three-year loan also comes with two one-year extension optionsView on map
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Address2601 South Cicero Avenue, 423-585 East Dundee Road, 1000-1080 South Elmhurst Road, 704 South State Route 59 & 237-285 West Dundee Road
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