$8.6 MILLION LOAN ARRANGED FOR ILLINOIS INDUSTRIAL PROPERTY

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BOLINGBROOK, ILL. — The Chicago office of Tremont Realty Capital has arranged $8.6 million in financing for Crossroads Parkway, an industrial property in Bolingbrook. The 269,000-square-foot property was 56 percent occupied by one tenant at the time of closing. Michael Hart of Tremont arranged the loan, which was funded through a pension advisory lender. The 3-year loan provided for approximately 85 percent loan-to-cost. The borrower was a joint venture between Corum Real Estate and Equibase Capital Group.

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