JV Obtains $15M Loan for Suburban Chicago Acquisition

The office building is located in Lombard, Ill., near several interstates. The new owners plan on upgrading the property’s amenities and bring lease rates to the current market value.
A joint venture of Red River Asset Management and Lincoln Property Co. obtained financing for the acquisition of an office building in Lombard, Ill. Metropolitan Capital Advisors, in partnership with AMA Financial, arranged the $15.2 million permanent, seven year fixed-rate loan with Benefit Street Partners…
Categories : Finance

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