Commercial Real Estate
customized solutions to meet your lending needs
Inland Bank’s team of real estate lending professionals offer customized solutions to meet our clients lending needs. Our lenders have developed lasting relationships with some of the top developers and commercial property owners in the Midwest. This experience provides us the insight to deliver the best financing solutions to our clients.
- Construction Lines of Credit - From tenant improvement build-outs to brand new ground-up construction, Inland Bank can offer flexible loan terms to meet your development needs.
- Term Loan - Inland Bank provides flexible terms on stabilized properties including both fixed and floating interest rate options and loan terms of up to 10 years.
HAMILTON PARTNERS TESTIMONIAL
Banner Day Camp
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.
Crosstown Real Estate Advisors, LLC
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.
Financial Advisor Loan Program Fuels Growth Opportunities
Launched in January 2018, Inland Bank’s Financial Advisor Loan Program was established to help independent financial advisors grow their business and client base through the acquisition of another financial advisor’s book of business, via partner buy-outs or debt refinancing. Serving financial advisors across the nation, the program provides conventional loans at a substantially lower rate than the SBA 7(a) loan program as well as flexible structures and favorable pricing and terms.
“When we started the program - and even still today – we witnessed a growing demand for financial advisor loans as the number of financial advisor retirees continues to increase,” said Tiffany Tyson, assistant vice president – commercial lending for Inland Bank. “By listening to our financial advisory clients and providing customized solutions, we build a foundation of long-term, continuous support to help with financing now and in the future as a financial advisor’s practice grows.”
Historically, loans to financial advisors have had a very low default risk. Even amid the current pandemic, Inland Bank is seeing financial advisor businesses continuing to perform well and experience minimal impact.
One such company, Paramount Financial Strategies, LLC, a third-generation financial planning firm founded in 1965 that provides comprehensive fee-based financial plans for high-net-worth business owners and executives, became a client of Inland Bank in May 2020 when it found a need to finance a large acquisition. Paramount turned to Inland Bank’s extensive experience in conducting complicated transactions within the financial advisory industry.
“While the acquisition negotiations were completed prior to the COVID-19 crisis, Inland Bank was faced with underwriting the loan in the face of the pandemic reality,” said Robert E. Bortz, Jr., CFP, president of Paramount Financial Strategies, LLC. “They were realistic, flexible and trusted us as a borrower at a time when there were so many variables that other banks would have used to delay a decision and funding. Inland Bank came through for Paramount at an elevated level within a critical timeframe.”
Based in Oconomowoc, Wisconsin, and serving 1,300 clients in 30 states, Paramount’s business has continued to grow and thrive with the assistance and support of Inland Bank’s Financial Advisor Loan Program.
Another firm, Generations Financial Planning & Wealth Management, with offices in Jackson and Battle Creek, Michigan, became a client of Inland Bank in January 2020 when needing a financial advisor loan to finance a partner buy-out.
“It’s common for a buy-out transaction to have many steps and modifications from start to finish, but after experiencing complications with our first lender, we reached out to Inland Bank in early January to see if we could still reach our target closing date in early February,” said Erik A. Smith, owner of Generations Financial Planning & Wealth Management. “Inland Bank was very clear from the start about the typical 60-day timeline for transactions of this magnitude, so I was amazed at the speed from the time they stepped in to closing in mid-February which was faster than their typical timeline. The personal interaction, ability to get a hold of someone with questions, follow-up and customer service is extraordinary.”
Due to the positive experience of the partner buy-out, Generations Financial Planning & Wealth Management expanded their relationship with Inland Bank to include personal and business checking accounts, a high yield money market account, corporate lending and access to the Paycheck Protection Program (“PPP”) loans.
With a focus on addressing clients’ entire financial situation and creating plans for specific goals and needs, Generations Financial Planning & Wealth Management takes an active role in investment management, blending strategies to help clients reach their long-term investment goals and minimize downside risk.
“We encourage financial advisors who are interested in growing their business, reducing the rate on their current debt, or looking for a bank that offers a holistic approach customized to fit their needs, to contact us for more information,” said Tiffany Tyson. “Our goal has always been to focus on building relationships and providing a personal touch that is missing in banking these days.”
Since inception, the Inland Bank Financial Advisor Loan Program has funded several loans to financial advisors located in Arizona, California, Illinois, Massachusetts, Michigan, Minnesota, New Mexico, Ohio, South Carolina and Wisconsin.
For more information about the Financial Advisor Loan Program, contact Tiffany Tyson at email@example.com or (630) 908- 6623.
Chicago - 1000 W. Washington
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.
Chicago - 1519-25 West Madison Street
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.