The Philipsborn Company is a privately-held commercial mortgage banking firm located in Chicago

The Philipsborn Company

Commercial Real Estate Finance

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Featured Transactions

Industrial • Multifamily • OfficeRetailSingle Tenant Credit

Country Club Villas
Largo, Florida

The Philipsborn Company structured and arranged a fixed rate permanent loan of $4,700,000 for the acquisition of this 120 unit apartment complex. The financing was based upon a future net income to be achieved and the incremental amount of loan proceeds was secured by a Letter Of Credit. This innovative structure allowed the buyer to lock in the current interest rate, and to obtain a higher funding at the time of closing, reducing the amount of equity required, and eliminating the need for secondary debt at a later date. Funds were provided by a CMBS conduit for whom The Philipsborn Company services loans


Amber Pointe Apartments
Urbana, Illinois

The Philipsborn Company structured and procured the equity funds and construction debt necessary to develop this phased 250-unit apartment complex. As construction and leasing of each phase was completed, we structured, negotiated and procured long term permanent first mortgage debt used to repay its respective construction loan. The permanent debt maturity of each phase was structured so that within the last 12 months of each loan, all phases can be refinanced simultaneously without prepayment premium or penalty. The complex is virtually entirely leased and occupied.


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