RML CAPITAL ARRANGES $5.5 MILLION LOAN FOR LAKEWOODS CORPORATE CENTER

SCHAUMBURG, ILL. — RML Capital has arranged $5.5 million in first mortgage financing for Lakewoods Corporate Center, an 82,000-square-foot office building located at 650 Algonquin Rd. in Schaumburg. A local investor used the funds to purchase the four-story building for $6.5 million. The loan was based on a 5-year term, with a 25-year amortization schedule after the first year. Richard Lynn of RML Capital secured financing for the building from a local bank.