January 18, 2019

$33.7 Million Recently Matured Retail Loan

DebtX is pleased to announce the sale of a $33.7 million recently matured (12/2018) loan secured by a four-building, 310,000 SF retail shopping center outside of Chicago. The property is 73% occupied by 14 tenants with two vacant units totaling 85,000 SF. All leases are NNN, and most of the tenants are national/regional. The LTV is 100% based on a recent appraisal, and the 2018 annualized NOI is $2.45 million.

Final bids are due before February 5th at 2pm ET.

For more information, please contact Mike Roth at 617-531-3424 or mroth@debtx.com.

You must be registered with DebtX to receive detailed information about these loans and to participate in the sale. To register, please visit our registration page.