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Short-Term Bridge Loan in Elk Grove Village, IL

Need

Sponsor was seeking a Bridge loan on a vacant retail property located in a retail shopping center. The Borrower required proceeds for the build out of the interior of the property as well as tenant improvements.

Solution

Verus Commercial Real Estate Finance was able to issue a 12-month bridge loan which included proceeds to be utilized towards the interior buildout of the property.

  • Location: Elk Grove Village, IL
  • Property Type: Retail Strip Center
  • Loan Type: Renovation
  • Loan Program: Short-Term Bridge Loan
  • Amount: $2,175,000

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