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Short-Term Bridge Loan in Mundelein, IL Lake Bluff, IL


The Sponsor was needing to refinance two flex industrial properties and acquire a third property as well.


Verus Commercial Real Estate Finance was able to structure an 18-month loan that was funded in two sperate tranches, with the first loan paying of the existing mortgage on two properties, provide Capex for one and provide a deposit for the acquisition.  The second funding was to complete the acquisition, fund a Capex reserve and cover remaining closing costs.

  • Location: Mundelein, IL Lake Bluff, IL
  • Property Type: Flex Industrial Properties
  • Loan Type: First Mortgage
  • Loan Program: Short-Term Bridge Loan
  • Amount: $4,750,000

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