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.

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.