FINANCED
Old National Bank Provides $5.25M Acquisition Loan For Retail Property In Glen Ellyn, IL
1184 West Roosevelt Road
Retail
23,333 SF
23,333 SF
Summary
Loan
ILLINOIS
Retail
23,333 sqft
The multi-tenant retail strip center located at 1184 W Roosevelt Road in Glen Ellyn, IL has been acquired through an acquisition loan. The property spans over 23,333 square feet and is owned by Brookline Real Estate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,250,000
- Lender: Old National Bank
- Broker: Matthew Stearns - Black Bear Capital Partners
The loan provided by Old National Bank is a 3-year fixed-rate loan with interest-only payments. Matthew Stearns from Black Bear Capital Partners represented the buyer in this transaction.
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Details
FINANCED
IMAGE: Matthew Stearns
DATE: 04/28/2023
ADDRESS: 1184 W Roosevelt Road
MARKET: Glen Ellyn, IL
ASSET TYPE: Retail ~ SF: 23,333
LENDER: Old National Bank
LANDLORD: Brookline Real Estate (@Brookline_Real_Estate)
BROKER: Matthew Stearns - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $5,250,000
LOAN TYPE: Acquisition
LOAN TERMS: The multi-tenant retail strip center, spanning over 23k SF, was acquired via a 3-year fixed-rate loan and interest-only payments.View on map
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Address1184 West Roosevelt Road
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