Bridge Loan, Elgin, Illinois - Office-to-Flex Redevelopment Acquisition

Client : An experienced trucking and logistics operator redeveloping a mostly vacant approximately 90,000 square foot office building on 8 acres in Elgin, Illinois, into a flex-use facility combining logistics and office space.

Transaction : Bridge loan for the acquisition of the property, located just off the I-90 four-way interchange at Route 31 with strong logistics and industrial access.

Challenge : Another lender declined the deal, and the borrower needed to close quickly.

Opportunity : The opportunity came through a referral from a trusted banking relationship. Sherpa Capital Group acted as the direct lender, deploying its own capital.

Action : Sherpa Capital Group funded a first mortgage bridge loan and closed within 10 days of the signed term sheet.