Midway Plaza

$6,990,000 Retail Loan from Life Insurance Company

City: Chicago, IL
Loan amount: $6,990,000
Lender type: Life Insurance Company
Property type: Retail
Size: 55,332 SF

Transaction description

Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged the $6,990,000 acquisition financing of a retail center located in Chicago, Illinois. The multi-tenant strip center features 55,332 SF across a 15-unit inline building anchored by a Dollar Tree and a three-unit pad. Other notable tenants include Chase Bank, T-Mobile, Sally Beauty, GNC, etc. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 10-year loan term and a 30-year amortization.

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