TR Hazelrigg Of Avatar Financial Group Provides $11.125M Loan For Retail Gas Stations
470 Dundee Avenue, 860 West Army Trail Road & 1100 West Stearns Road
$11,125,000
Building Size
—
Asset Type
Retail
Closing
Dec 22, 2025
AI
The transaction involves three BP-branded gas stations located at 470 Dundee Avenue, 860 West Army Trail Road, and 1100 West Stearns Road in the Chicago metro area. The asset type is retail, and the loan amount for the financing is $11,125,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,125,000
- Lender: TR Hazelrigg - Avatar Financial Group
- Loan Terms: two-year interest-only
- Loan-to-Value Ratio (LTV): 61%
- Market: Elgin, Carol Stream & Bartlett
Avatar Financial Group LLC facilitated the bridge loan, allowing the operator to refinance maturing debt and release a fourth cross-collateralized property for disposition or refinance, highlighting the financial acumen utilized in this transaction.
Elgin Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93