NEWS
RIVER NORTH MORTGAGE COMPANY ANNOUNCES ANOTHER SUCCESSFUL TRANSACTION. Financing was secured by River North Mortgage Company on the retail building located at 4400-4412 S Pulaski Road in Chicago, Illinois. The subject property consists of a 32,776 square foot site containing a 16,265 square foot single-story, multi-tenant retail strip center. The building was constructed in 1984 with an addition in 2003.
ANOTHER SUCCESSFUL TRANSACTION PLACED BY RIVER NORTH MORTGAGE COMPANY. River North Mortgage is pleased to announce the financing for the Private Bank Building located in Lake Forest, Illinois. Loan Proceeds were $3,100,000 on a first mortgage loan. The loan was structured with a 20-year term and 20-year amortization and the loan was placed with FBL Financial (Farm Bureau Life), a River North Mortgage Correspondent. All negotiations were handled by Jeffery R Sadur. Another Successful Transaction Closed by River North Mortgage River North Mortgage, a full service mortgage banking company, has placed financing for the “newly built” 279,828 square foot stand alone distribution center located in Oak Creek Wisconsin. This build-to-suit facility is located on 28.03 acres within the Oakwood Crossing Business Center in Oak Creek, Wisconsin at SEC of 83 and Oakwood Road. This single tenant facility is occupied by Corporate Express Office Products, Inc. a Buhrmann is one of the world's largest business-to-business suppliers of essential office and computer products and services
Loan was placed with FBL Financial (Farm Bureau Life), a River North Mortgage Correspondent Lender. All negotiations were handled by Jeffrey R Sadur. For more information contact Jeffrey R. Sadur at 312-334-1992 River North Mortgage Company announces Another successful transaction River North Mortgage has placed financing for a freestanding Walgreens store and multi-tenant building in Bourbonnais, Illinois. The property consists of two buildings located on 507-517 Convent Street, Bourbonnais, Illinois. The first being a newly constructed single story +/- 24,362 SF Walgreens. The second building is a single story 9,542 Square foot retail building consisting of six-units.
The loan was structured as Note A 5.64% and Note B: 5.74%, with a 10-year term and based on a 25-year amortization. Non-recourse and an option to prepayment at any time during the life of the loan provided the borrower pays a 1% fee at the closing of the loan.
All negotiations were handled by Jeffrey R Sadur For more information contact Jeffrey R. Sadur at 312-334-1992
OAK BROOK TERRACE OAKS OFFICE BUILDING FINANCED BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for the Oak Brook Terrace Oaks located at 1S660 Midwest Road, Oak Brook Terrace, Illinois. The 21 year old, three story multi-tenant commercial office building contains 50,203 square feet. The 2.604 acre site also contains 198 parking spaces. The loan proceeds are $3,750,000 with a 10-year term and a 25-year amortization. Loan placed with RiverSource, formally known as American Express. All negotiations were handled by Jeffrey R Sadur
RIVER NORTH MORTGAGE ANNOUNCES THE FINANICING FOR A OAKBROOK OFFICE BUILDING. Financing secured by River North Mortgage for a multi-tenant office & banking facility located at 555 Butterfield Road in Oak Brook, IL.
The loan proceeds are $4,800,000 with 5.70% rate, a 10 year term and 25 year amortization schedule. Loan placed with RiverSource, formally known as American Express. All negotiations were handled by Jeffrey R Sadur. For further information, contact Jeffrey R Sadur at 312-334-1992. FIRST ACCEPTANCE BUILDING FINANCED BY RIVER NORTH MORTGAGE River North Mortgage has placed financing for the First Acceptance Building which is located at 406-450 East Roosevelt Road in Lombard, IL. The subject property consists of a one-story,
The loan proceeds were $6,250,000 at 5.70% for a 10 year term and a 25 year amortization. River North Mortgage announces financing for the “newly constructed” Fifth Third Bank Branch. River North Mortgage has secured financing for a free standing Fifth Third Bank building. The subject property is full service banking center with a drive-through facility in an out lot of a new Target. The property is located at 1950 W 33rd St on the corner of Damen and 33rd Street in Chicago, Illinois.
Pebblewood Plaza financing secured by River North Mortgage Company River North Mortgage announced the financing for the Pebblewood Plaza located at 1550 N Route 59 in Naperville, Illinois. Property is situated on 227,035 square feet consisting of a 66,058 square foot building and parking for 289 cars. The multi-tenant neighborhood shopping center is located one-quarter mile south of the I-88 interchange on Route 59 in Naperville, Illinois. The Loan Proceeds were $5,500,000 with a 10-year term and a 25-year amortization at an interest rate of 5.75% Walgreens Drug Store financing secured by River North Mortgage River North Mortgage announces the financing for a Walgreens Drug Store located on the northwest corner of IL Route 47 and IL Route 71 in Yorkville, IL. The property contains 14,820 square feet. Loan was a fixed on a 25 year term and 25 year amortization, non-recourse. The loan was placed with a River North Mortgage Correspondent, FBL Financial (Farm Bureau Life). All negotiations were handled by Jeffrey R Sadur of River North Mortgage Company. For Further Information Contact Jeffrey R Sadur at 312-334-1992 Another Successful Transaction Financed by River North Mortgage River North Mortgage announces the financing for Golf Plaza II Shopping Center. The shopping center is located at 1002 E Elmhurst Road in Mount Prospect Illinois. Loan Proceeds were $7,000,000 with a 10 year term and a 25 year amortization schedule. The loan was placed with a River North Correspondent FBL Financial Group (Farm Bureau Life). All negotiations were handled by Jeffrey R Sadur of River North Mortgage Company. For Further Information Contact Jeffrey R Sadur at 312-334-1992 Another Successful Transaction Financed by River North Mortgage River North Mortgage announces the financing Bradley Royal Nursing Home. The nursing home facility is located at 650 N Kinzie in Bradley Illinois. The building contains 120 Beds. Loan Proceeds were $4,800,000 with a 5 year term and a 25 year amortization schedule. The loan was placed with a local Chicago Bank All negotiations were handled by Jeffrey R Sadur of River North Mortgage Company. For Further Information Contact Jeffrey R Sadur at 312-334-1992 River North Mortgage is pleased to announce the following new addition to the staff of River North Mortgage: Scott has been in the real estate industry for the past 7 years specializing in commercial real estate for 1031 exchanges. Scott has also been a Series 7, 63 and 65 licensed stock broker since 1994 and has managed in excess of $100 million.. He specializes in providing single tenant, NNN properties along with securitized Tenant in Common (TIC) structured properties. He works closely with his clients and their CPA, attorney and Qualified Intermediary to ensure a smooth 1031 exchange. Scott’s expertise in the 1031 and tenant in common industries has enabled him to be a top producer with Pacific West Securities, Inc. for the past 3 years. Scott speaks to and provides educational seminars for commercial lenders, developers and real estate agents on the rules and regulations of 1031 exchanges. With his expertise in the acquisition and disposition of commercial real estate this will help provide investors “one source” shopping to fulfill their real estate needs. CHICAGO OFFICE BUILDING FINANCED BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for the 105 West Madison Building in Chicago, Illinois. The 105 West Madison Building is a twenty-four story office building containing 125,729 SF with commercial and retail use on the ground floor. Loan proceeds were $12,500,000 on a 10-year term and 30 year amortization; non-recourse. Loan was placed with AIG Life Insurance Company. MONTGOMERY PLAZA FINANCING BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for the Montgomery Retail Plaza located on 1550 Douglas Road in Montgomery, Illinois. The property is a one-story, neighborhood retail center containing 34,300 SF. Loan proceeds were $2,850,000 with a 10 year term and a 30 year amortization schedule. Loan was placed with a local Chicago bank. RIVER NORTH MORTGAGE ANNOUNCES THE FINANCING FOR DOUBLETREE HOTEL River North Mortgage announces the financing for an Arlington Heights Doubletree Hotel located on 75 W Algonquin Road. The property contains 1-six story building, 1 three-story guest room building with 228 rooms and 13 suites in addition to a one-story building of approximately 25,000 square feet. American National financed this Hotel with only six months of operations and no historical income and expense. American National also provided free prepayment for the entire 7-year loan term. HOLIDAY INN EXPRESS FINANCED BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for a Holiday Inn Express. The three-story, 82-Room Hotel is located at 3019 Lakeshore Drive in St. Joseph, Michigan. Loan Proceeds were $5,000,000 with a 10 year term and a 30 year amortization. Loan was place with Column Financial a River North Mortgage Correspondence. BANK OF AMERICA IN NAPERVILLE FINANCED BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for the “newly constructed” free standing Bank of America facility containing 9,700 sq. ft. The property is located at the northwest corner of Illinois Route 59 and 95th Street in Naperville, Illinois. The loan proceeds were $2,450,000 with a 20-year term and a 20-year amortization; non-recourse. Loan was placed with Canada Life Insurance Company. All negotiations were handled by Jeffrey R. Sadur SHRUB OAKS FINANCED BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for an 18,885 sq. ft. retail center located on 1386 E Main Street in Shrub Oaks, New York. The loan proceeds were $3,904,000 on a 10 year term; 30 year amortization; non-recourse and were placed with Column Financial. All negotiations were handled by Jeffrey R. Sadur THATCHER/ROYAL ARMS APARTMENTS FINANCING SECURITIZED BY RIVER NORTH MORTGAGE River North Mortgage announces the financing for Thatcher/Royal Arms Apartment complex. The property is a five-story, 45,168 square foot apartment building which contains 48 one-bedroom units, and 12 studio units for a total of 60 units. The building is located at 3001 N Thatcher in Fox River Grove, Illinois. Loan Proceeds were $2,500,000 on a 10 year term; 30 year amortization schedule and were placed by Column Financial. All negotiations were handled by Jeffrey R. Sadur Barneys of New York on Halsted financed by River North Mortgage River North Mortgage announces the financing for the newly constructed Barneys of New York Store located at 2209 North Halsted in Lincoln Park. The property is leased to Barneys of New York with contains +/- 8,800 SF plus 2 Apartments and 12 Parking Spaces. All negotiations were handled by Jeffrey R. Sadur and David Smith. For more information contact Jeffrey R. Sadur at 312-334-1992 Three Suburban Office Properties Financed by River North Mortgage River North Mortgage announces the financing for Three Office Properties.
All Loans were Placed with American Express a River North Correspondent All negotiations were handled by Jeffrey R. Sadur and David Smith. For more information contact Jeffrey R. Sadur at 312-334-1992 South Shore Apartments Financed by River North Mortgage River North Mortgage announces the financing for 7022 South Shore Drive in Chicago 7022 South Shore is a 50 year old fully "renovated" 17 story Apartment property that contains 217 Apartments with On-site Parking for 52 Cars Loan Proceeds were $6,000,000 Lender was Prudential Life Insurance Company All negotiations were handled by Jeffrey R. Sadur For more information contact Jeffrey R Sadur 312-334-1992 Bank One in Streamwood Financed by River North Mortgage River North Mortgage announces the financing for the “newly constructed” free standing Bank One facility located on the corner of Route 55 & Route 19 in Streamwood, Illinois The loan proceeds are $2,210,000 with a 20-year term and 20-year amortization at 5.5% rate, non-recourse. Load was placed with Farm Bureau Life All negotiations were handled by Jeffrey R. Sadur For more information contact Jeffrey R Sadur 312-334-1992 "To be Constructed" Staples Financing secured by River North Mortgage River North Mortgage announces the financing for a "to be constructed" Staples located at the NWC of Golf and Algonquin Roads in the Meadows Town Mall Facility A "Forward" Loan Commitment for a 10 year Loan based on a 25 year Amortization was obtained Loan Proceeds were $3,630,000 All negotiations were handled by Jeffrey R. Sadur For more information contact Jeffrey R Sadur 312-334-1992 Oak Brook Office Building Financing secured by River North Mortgage River North Mortgage announces the financing for the Camden Place Office Property located at 2221 Camden Court in Oak Brook, Illinois Camden Place is a +/-20 year old, 3 -story Office Building, containing +/-104,000 SF This will be the "Corporate" Headquarters for Republic Bank Corporation Loan Proceeds were $5,000,000, 5.25% rate, 5 year term, 25 year amortization, non-recourse Lender was Farm Bureau Life All negotiations were handled by Jeffrey R. Sadur For more information contact Jeffrey R Sadur 312-334-1992 River North Mortgage Announces Financing in excess of $100 Million on 3 Suburban Apartment Properties International Village, Schaumburg, located at 1220 Algonquin Road in Schaumburg, a +/- 35 year old, “fully renovated” 732-unit apartment complex, 12 three-story brick and frame buildings, 245 Garage Spaces. International Village, Lombard, located at 1300 Finley Road in Lombard, a +/- 35 year old, “fully renovated” 671-unit apartment complex, 11 three-story brick and frame buildings, 224 Garage Spaces. Both Villages have Tennis Courts, Basketball Court, Indoor & Outdoor Swimming Pool, Lounge Area, Game Room, Exercise Studio and Full Gym. Briarwood Apartments, Prospect Heights, located at 1501 S Wolf Road in Prospect Heights, a +/- 35 year old, “fully renovated” 450-unit apartment complex, 8 two-story brick buildings, 1 three-story Masonry and Steel building and 1 four-story Masonry and Flexicore Building. Indoor/Outdoor Swimming Pool, Tennis Courts, Meeting Rooms and a Fitness Center. The Loan was placed with GE Commercial Finance.All negotiations for GE were handled by Jeff Aldridge. All negotiations for River North Mortgage were handled by Jeffrey R Sadur. For further information contact Jeffrey R Sadur at 312-334-1992. River North Mortgage Company Announces the Financing for 10 West Elm in Chicago River North Mortgage, a newly formed full service Mortgage Banking company, has placed financing for a mixed use property at 10 West Elm in the Gold Coast area of Chicago. The property is a fully renovated 19 story, 108,000 SF, +/- 80 year old building containing 124 apartments and 16,500 SF of Retail and Office space. Loan proceeds were in excess of $4.5 million. The Loan was placed with American Express Life Insurance Company. All negotiations were handled by Jeffrey R Sadur and David Smith of River North Mortgage Co. For Further information, contact Jeffrey R Sadur at 312-334-1992.River North Mortgage Company Announces the Financing for a Hoffman Estates Walgreen’s River North Mortgage, a newly formed full service Mortgage Banking company, has placed financing for a newly constructed 15,120 SF Walgreen’s located at the Southwest corner of Higgins and Roselle Rd in Hoffman Estates, IL. Loan Proceeds were in excess of $4 million. The Loan was placed with a Major Life Insurance Company. All negotiations were handled by Jeffrey R Sadur of River North Mortgage. For further information, contact Jeffrey R Sadur at 312-334-1992.River North Mortgage Announces Financing in excess of $20 million for 3 Nursing Homes Lakewood Nursing Home, Plainfield, a 99 bed, +/- 31,700 SF, 1-story 30 year old concrete block and brick facility, with an addition built in 1998. 30 rooms with private baths. Chateau Nursing Home, Willowbrook, a 150 bed, +/-74,000 SF, 2-story wood stud, brick facility built in 1987. 12 patient rooms have private baths. Lemont Nursing Home, Lemont, a 158 bed, +/- 57,000 SF 2-story wood stud and brick facility built in 1995. Private baths in all rooms. All negotiations for River North Mortgage were handled by Howard Stern and Jeffrey R Sadur.For further information contact Jeffrey R Sadur at 312-334-1992. |
Tenants include: A Credit Union, ABC Cellular, Crisp-N-Clean, Sylvan Learning, UPS Store, Jimmy Johns and Oberweis Dairy.
The loan proceeds were $3,300,000
at 6.11% for a 10 year tem and a 25 year amortization and was placed with RiverSource Investments LLC,
a River North Mortgage Company Correspondent Lender. All negotiations were handled by Jeffrey R. Sadur. For more information contact Jeffrey R. Sadur at 312-334-1992
The $9,500,000 loan structure provides for a 10-year term with 25-year amortization at an interest rate of 6.11%. The Loan was placed with RiverSource Investments LLC (formally known as American Express), a River North Mortgage Company Correspondent Lender. For more information contact Jeffrey R. Sadur at 312-334-1992
The property is located on the SWC of South Waukegan Road and Settlers Road/Glouster Crossing, in the city of Lake Forest, Lake County, Illinois and consists of a single two story office building, built in 1991 and containing an enclosed gross building area of approximately 18,168 SF.
The $12,600,000 loan structure provides for a 10-year term with 25-year amortization. 
The site contains a three-story, +/- 39,845 square foot building with a drive through bank canopy and 113 parking spaces. TCF Bank Branch primary occupies the first floor.
Tenants include Palm Beach Tan, Sprint, PC Lab, After Hours, Great Wraps & Cheese Steaks, Kitchen Showroom, Einstein Bros., Crisp-N-Clean Cleaners, The UPS Store, Payday Loans and Insurance Plus.
The loan proceeds were $2,700,000 with a 20-year term and a 20-year amortization.
