Balboa Capital Group recently closed a successful $5.7 million bridge loan to refinance an existing client’s strip mall in the northern suburbs of Chicago. Anchored by a major retailer, the property boasted strong, in-place cash flow, which significantly reduced the risk associated with the financing.

The client’s primary objective was to pay off maturing existing debt and utilize the 12-month loan term to increase the property’s Net Operating Income (NOI) before executing a sale. This strategy proved effective, as the borrower successfully sold the asset and repaid Balboa Capital Group’s loan within the term. Balboa Capital Group specializes in providing efficient capital solutions to owners and developers of commercial and residential real estate assets. Contact us today to discuss your financing needs and learn how we can help you achieve your goals.