Commercial Real Estate Loans
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Office Space | Chicago
Northeast Bank provided a first mortgage secured by a 90% occupied office building in the Greater Chicago area. Loan proceeds refinanced the existing, higher cost debt, and funded a 3-month interest reserve. The 24-month, floating rate loan was written to a Utah-based real estate investment firm borrower and was priced at 6.50%.
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Our team of real estate lending experts partner with borrowers and brokers nationwide, providing personal service with fast and efficient financing. Northeast Bank is dedicated to helping you navigate the loan process from start to finish.
Please call 833.249.9198 or inquire here and someone from our CRE Lending Team will contact you shortly.