R.L.P. Development Co. Inc. Secures $12.5M Loan For Five Property Retail Portfolio | Northmarq brokers $12,500,000 loan for Five Property Retail Portfolio | Jeffrey (Jeff) Chaney | Retail | Loan

Summary

Loan

ILLINOIS

Retail

110,000 sqft

Five Property Retail Portfolio, located in Edwardsville, Glen Carbon, and Highland, has recently undergone a closed transaction. This retail asset spans 110,000 square feet and is owned by R.L.P. Development Co. Inc.

Summary of Transaction Details

Property Type: Retail
Transaction Amount: $12,500,000
Loan Terms: Fixed-rate loan with a 20-year term and a 20-year amortization schedule
Broker: Jeff Chaney - Northmarq

Jeff Chaney from Northmarq represented the parties involved in the transaction. The loan amount secured for this property was $12,500,000, with a fixed-rate and a 20-year term, along with a 20-year amortization schedule.

Players

All
2

Agents
1
Agencies
1

Jeffrey (Jeff) Chaney

Managing Director

NorthMarq

Details

Deal Summary

FINANCED

IMAGE: Jeff Chaney DATE: 08/08/2022 ADDRESS: Five Property Retail Portfolio MARKET: Edwardsville, Glen Carbon & Highland ASSET TYPE: Retail ~ SF: 110,000 LANDLORD: R.L.P. Development Co. Inc. BROKER: Jeff Chaney - Northmarq LOAN AMOUNT: $12,500,000 LOAN TERMS: fixed-rate loan, which features a 20-year term and a 20-year amortization schedule

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AddressNorthmarq brokers $12,500,000 loan for Five Property Retail Portfolio

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