Beacon Realty Capital Arranges $36 Million Transaction for Suburban Chicago Retail Center

Chicago, IL, October 05, 2007 --(PR.com)-- Beacon Realty Capital, a commercial real estate financial services firm, announced it arranged $36 million in fixed-rate non-recourse refinancing for the Hawthorne Works Shopping Center, located in Cicero, Illinois. Beacon provided the borrowers with a loan that will include a ten-year term, a 36-month interest-only feature, and a non-recourse fixed rate.

At the start of the transaction, the Hawthorne Works property was substantially vacant, with more than fifty percent of its 300,000 square feet of retail space not leased. Beacon arranged to defease the original CMBS loan, establish an interim facility to redevelop the property, and then take out the interim loan by providing a lower interest rate and having an earn-out feature that allows the borrower to maximize the loan proceeds over time. Beacon worked with the borrower to conceive and execute the redevelopment business plan and arranged the financing.

Beacon Realty Capital is a commercial real estate financial services company that arranges debt and equity financing for new and existing projects, advises on the acquisition and disposition of real estate assets, and provides commercial loan servicing for correspondents. In 2006, the firm closed 82 debt and equity financings totaling more than $680 million.

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