Industrial
• Multifamily •
Office • Retail • Single
Tenant Credit
 Roundys
Foods Grocery Store
Bloomington, Minnesota
The
Philipsborn Company provided a long term, fixed
rate permanent loan of $5,600,000 for the acquisition
of this approximately 64,130 square foot grocery
store. Issues mitigated by our financing structure
included the relatively short term of the ground
lease covering the adjoining parking lot as well
as the quality of the tenant. Funds were provided
by a correspondent conduit lender, on a 30 year
amortization schedule in order to provide as low
a debt constant and as high a return on invested
equity as possible. In addition, we represented
the Purchaser in the acquisition of this new retail
building, having refinanced an additional investment
property to provide the equity funds necessary.
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Strip
Shopping Center
Villa Park, Illinois
The
Philipsborn Company structured a $1,500,000 loan
that refinanced the existing indebtedness of the
approximately 11,000 square foot retail building.
The fully leased center is occupied by national
tenants and is an outlot to a Target store. This
loan was structured on a 25 year amortization
with a 10 year term and a rate adjustment at the
end of 5 years in order to minimize the interest
rate and provide the greatest flexibility for
the owner in the event of a sale. |
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