Commercial Real Estate

For the past 54 years, Banner Day Camp has been creating exceptional summers by serving as a traditional summer camp offering a wide variety of activities, including sports, arts, adventure and aquatics programs for children ages 3-12 that reside in the North Shore and City of Chicago. When Allen and Helen Schwartz started Banner Day Camp, they dreamt of creating a magical place where children are empowered to grow. Banner Day Camp opened in 1964 as a Saturday camp, and in 1965, began its summer camp program with 100 campers. Today, it has grown into a premier day camp.

At Banner Day Camp, it’s more than just fun – campers also grow as individuals while embracing new opportunities. As campers develop positive self-esteem through achieving new accomplishments, both socially and athletically, they also learn important skills like empathy, collaboration,critical thinking, creativity and resiliency. Inland Bank recently started providing Banner Day Camp with banking services. As a new customer, Banner Day Camp selected to work with Inland Bank because of its low rates.“Our service representative,Melissa Ritchie, has been extremely accessible to answer our questions and even came out to our business to set things up so we did not have to drive to the Bank,” said Stacy Schwartz Kotelov, owner and executive director of Banner Day Camp. “It was a nice personal touch and we greatly appreciated the service-oriented experience.”

Banner Day Camp has the reputation of being the premier camp in the area due to its amazing care offered to campers and families, unsurpassed facilities and phenomenal leadership team and staff. Banner Day Camp is located at 1225 Riverwoods Road in Lake Forest. For more information,visit www.bannerdaycamp.com. 

Small Real Estate Business Grows Footprint Across the Nation

Crosstown Real Estate Advisors, LLC (“CREA”) is a private commercial real estate firm headquartered in Chicago that focuses on acquisitions, property management, land development and leasing. CREA originated in 2011 with one property in the Chicagoland area and has grown to nearly 20 properties in Georgia and Illinois. Co-founders of CREA, Matthew Baumann and Jonathan Janas, obtained their first loan from Inland Bank and Trust

in 2017 to acquire a 43,000-square-foot vacant industrial property located in Des Plaines, Illinois. Within one year, CREA rented the property to an environmental laboratory who eventually purchased the subject property. CREA recently obtained additional financing from Inland Bank and Trust for a retail center in Joliet, Illinois, a retail center in Evergreen Park, Illinois and a 60,000-square-foot office building in Northfield, Illinois. Today, CREA’s portfolio consists of office, retail, industrial, mixed-use, multifamily and development sites.

“Terrence Velan of Inland Bank and Trust believed in our model when we purchased our first, fully vacant industrial property,” said Matthew Baumann. “There are not many local lenders that would have done the same and that was a clear indication to us that we were aligned with a lender that valued our track record and trusted us as sponsors.”

Crosstown Real Estate Advisors, LLC is headquartered at 3543 North Pulaski in Chicago. For more information, visit www.crosstownrea.com.

Inland Bank recently closed on a financing package for the acquisition and tenant improvements to the 25,721 square foot retail space located at 1000 W. Washington, Chicago, IL. The loan was originated and is managed by Chris Metcalf, Senior Vice President of CRE Lending. The Borrower, an affiliate of Vista Property Group, acquired the property with in place leases accounting for approximately 35% of available space. Shortly after closing, Vista executed new leases with a Montessori school and Inland Bank for substantially all of the remaining vacant space. This will represent Inland Bank’s first branch in Chicago. The property is located in the vibrant Fulton Market District and benefits from its proximity to Randolph Street’s Restaurant Row and is across the street from McDonalds new corporate headquarters. Vista Property Group is a family-owned private real estate investment firm with a rapidly growing portfolio of urban retail, mixed-use, and multifamily investments. Their core holdings are located in Chicago, New York, and London. Vista has been a client of Inland Bank since 2017 and has rapidly grown their relationship to include financing of 8 commercial properties, as well as accompanying treasury management services.

Inland Bank is pleased to partner with Devon Realty for the upcoming construction of a five-sto­ry, mixed-use apartment building with ground floor commercial space at 1519-25 West Madison Street. The proposed apartments will include a mix of 21 one-bedroom and eight two-bedroom units. The property is favorably positioned on Madison Street, at the western edge of Chicago’s West Loop, with supporting amenities and near­by transportation. Devon Realty has been a client of Inland Bank since the early 2000s and utilizes business checking, personal checking and com­mercial/term loan financing services. Over the last 40+ years, Devon Realty has developed more than 30 properties in and around Chicago.