Thorofare Capital has funded a $5,300,000 fixed-rate bridge loan for refinancing of a 33,950 SF, Walmart shadow-anchored retail outparcel portfolio in the Chicago suburb of Rolling Meadows, Illinois. The time-of-essence transaction closed in just 10 days from application.

At the time of closing, Marketplace of Rolling Meadows was 96%-occupied, with featured tenants such as Panda Express, Inc., American Mattress, Inc. and GameStop.

The “quick-close”, interest-only bridge loan was utilized by the sponsor to pay off a matured 2006-vintage CMBS 1.0 loan, with plans to sell the stabilized property within the immediate term.