RML CAPITAL SECURES $2.25 MILLION RETAIL LOAN
OAK LAWN, ILL. — On behalf of the borrower, Oak Lawn Associates LLC, RML Capital has secured $2.25 million in first-mortgage financing for a retail center located at 5000 West 95th St. in Oak Lawn. The property consists of a 44,900-square-foot site containing a 16,905-square-foot multi-tenant strip center. Financing was based on a 10-year term, with a 25-year amortization schedule. The loan was placed with an undisclosed Midwest life insurance company. Richard Lynn of RML Capital represented both parties in negotiations.