$2.75 million BOLOUR acquisition loan helps fund Chicago retail center acquisition.
BOLOUR has provided a $2.75 million acquisition loan in suburban Chicago, Illinois at 65% LTV. The loan will help facilitate the borrower’s acquisition and subdivision of a large, 158,496-square-foot shopping center. The center offers a high-traffic location in the heart of Chicago’s affluent suburbs and includes a host of national tenants.
While many lenders remain out of the market for this type of product, BOLOUR continues to lend on distressed retail, providing borrowers with the resources to turn financing challenges into opportunity.