Selectcommercial.com Funds $4,500,000 Commercial Mortgage Loan Located in Chicago, IL
Selectcommercial.com announced on Thursday, November 5th 2015, the closing of a $4,500,000 cash-out refinance of a mixed use property that included 6 retail spaces, 18 apartment units and parking. The property is located in Chicago, IL (Cook County). The borrower received a 20-year loan term with the first 5 years at a fixed rate, followed by an option for 15 years at an adjustable rate. The loan has an amortization period of 30 years. The borrower was able to replace...
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