Sperry Equities Secures $14.6M Loan For Orland Hills Retail Property

A retail property located at the SEC 159th Street and 94th Avenue in Orland Hills has recently undergone a closed transaction. The property spans approximately 138,000 square feet and is owned by Sperry Equities. The deal was facilitated by broker Jeff Frankel from Northmarq.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $14,600,000
• Loan Terms: Fixed rate loan with a 10-year term on a 30-year amortization schedule

The loan amount for the transaction amounted to $14,600,000. The loan term is set at 10 years with a fixed rate and an amortization schedule spanning 30 years.

Jeff Frankel from Northmarq played a pivotal role as the broker representing the parties involved in the transaction. With its prime location and considerable square footage, the retail property offered great potential for all parties involved.