Marcus & Millichap Capital Corporation Secures $4.1 Million Refinance For Retail Center In Romeoville

A refinancing transaction was secured for a 29,891 square foot retail center located at 444 North Weber Road in Romeoville, IL. The transaction involved a loan amount of $4,100,000 with a three-year term that includes interest-only payments for the first year and a 25-year amortization schedule.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,100,000
• Loan Type: Refinance
• Loan Terms: Three-year, interest only with a 25-year amortization schedule
• Address: 444 North Weber Road, Romeoville, IL
• Broker: Dean Giannakopoulos - Marcus & Millichap Capital Corporation

Marcus & Millichap Capital Corporation, represented by Dean Giannakopoulos, facilitated the refinancing on behalf of a private client. The arrangement was intended to enhance cash flow in anticipation of an upcoming maturing loan.