Vacant Office Reposition
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Property Address:
Mount Prospect, IL
Loan Amount
$5,300,000
Deal Summary
Balboa Capital Group structured a $5.3 million loan to fund the acquisition and rehabilitation of a vacant bank building in Mount Prospect, IL, for an existing client. The 2.18-acre property, located in the Chicago Schaumburg submarket, is undergoing minor renovations using the funds to prepare the asset for its new tenant.