Chicago-based Alpha Capital CRE has secured an $8 million bridge loan for Frontline Real Estate Partners for the Meadowbrook Shopping Center in Downers Grove, Illinois. The loan will be used to facilitate tenant improvements and leasing commissions.
The loans were originated and closed by Alpha Capital’s managing partner, Anthony Longo.
“Given the current climate and how the industry views retail deals, this was a challenging bridge deal,” said Longo. “But the strength of the borrower and quality of tenants helped me secure a lender who performed and executed, even amidst market volatility.”
