Office Property In North Aurora, IL

Loan Type:
Bridge Loan
Loan Amount:
$3,500,000
Loan Term:
2 YR
Amortization:
Interest Only
Recourse:
Non-Recourse
LTV:
70%

Challenges

• Unstabilized property; borrower needed to refinance out of a maturing loan.

Solutions

• Executed flexible financing that stabilized property, paid off existing lender, and structured tenant improvement funds in the loan.

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