Bernard Financial Group Arranges $7.8M Acquisition Loan For Downers Grove Retail

A 124,005-square-foot shopping center located at 7221-7401 Lemont Road in Downers Grove, Chicago was the subject of a recent transaction. The acquisition loan for this retail property amounted to $7,800,000 and was secured for Downers Grove Associates LLC. Securian Life Insurance Co. served as the lender for this deal, which was arranged by Dennis Bernard and Joshua Bernard of Bernard Financial Group.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,800,000
• Address: 7221-7401 Lemont Road
• Market: Downers Grove
• Lender: Securian Life Insurance Co.
• Landlord: Downers Grove Associates LLC
• Brokers: Dennis Bernard & Joshua Bernard - Bernard Financial Group

The involvement of key individuals and companies in the transaction includes Dennis Bernard and Joshua Bernard representing Bernard Financial Group in securing the acquisition loan for the shopping center. Additionally, Securian Life Insurance Co. played a crucial role as the lender, supporting the successful completion of the deal.