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**Marcus & Millichap Capital Corporation Arranges $4.1M Financing for Illinois Retail Center**
Marcus & Millichap Capital Corporation (MMCC) has successfully arranged $4.1 million in financing for Carillon Court, a 29,891-square-foot retail strip center located at 444 North Weber Road in Romeoville, Illinois.
The financing was secured by Dean Giannakopoulos, Senior Managing Director in MMCC’s Chicago office, on behalf of a private client. “Our client engaged us to refinance a maturing loan,” said Giannakopoulos. “We efficiently canvassed the market and delivered competitive terms within a tight timeframe. The transaction enhanced cash flow by including an interest-only component, demonstrating the value of strategic financing solutions and a strong understanding of today’s capital markets.”
The three-year loan carries a market interest rate and includes one year of interest-only payments, followed by a 25-year amortization schedule.
Carillon Court is conveniently located near Interstate 55 and features a variety of tenants, including restaurants and service-oriented businesses such as a dental office, salon, and insurance agency.
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