Aries/Conlon Capital Arranges $3.4M Bridge Loan for Shopping Center in Hoffman Estates, Illinois

by Kristin Harlow

HOFFMAN ESTATES, ILL. — Aries/Conlon Capital has arranged a $3.4 million bridge loan for the refinancing of Golf Higgins Center in Hoffman Estates. Formerly anchored by Tiger Direct, the 28,308-square-foot retail strip mall is located at 675 W. Golf Road. Rushi Shah of Aries/Conlon Capital arranged the loan and is also a co-owner of the new Ace Hardware store, which will anchor the property. The store will officially open on Friday, Sept. 15. The non-recourse loan paid off the borrower’s existing loan and enabled the funding of the necessary tenant improvements to open the Ace Hardware store. The loan will be refinanced to permanent debt in the future. Jagmohan Jayara is the property owner and borrower.

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