2005 Transactions
Tremont Structures $2,000,000
Permanent Loan for Industrial Property
The
Chicago office of Tremont Realty Capital arranged the refinancing
of Bond Street, an industrial property along the south side
of Bond Street, in suburban University Park, IL. The site
is improved with a one and two-story, multi-tenant industrial
building. The 32-year old property consists of 59,830 square
feet of gross building area, of which 93% is leased to two
tenants.
Thomas Lorenzini, a Managing Director with
Tremont, arranged the 10-year, $2,070,000 non-recourse loan,
which provided for approximately 75% of the value. According
to Lorenzini, "We were able to over come the near term
cancellation clauses in both leases due to the strong location
and long term historical occupancy."
For additional information on this transaction, please contact:
Thomas Lorenzini
Managing Director
Email: tlorenzini@tremontcapital.com
Phone: 312.236.0960
