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Inland Bancorp is the holding company for Inland Bank and Trust, Cambridge Bank, and other specialized commercial and residential real estate lending companies. Inland Bank and Cambridge Bank offer a full range of consumer banking products in addition to real estate loans. Inland Bancorp's strategy is to become the premier real estate lending group in the Chicago area offering the most flexible and innovative loan products and services in the marketplace.
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Commercial First Mortgage
Loan Amount:$14,100,000
Term:18 months
Collateral:221 acres of vacant land
Location:Shorewood, IL
Loan to Cost: 82%
Comments: Provided acquisition and development financing for residential subdivision in southwest suburban Shorewood.
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Residential
Loan Amount:$287,600
Term:3 year interest only ARM
Collateral: 1st & 2nd Mortgage on townhome.
Location:Bartlett, Illinois
Loan to Value: 90%
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Commercial Second Mortgage
Loan Amount:$625,000
Term:1 year
Collateral: 2nd mortgage on 3 apartment buildings
Location:Hammond, Indiana
Loan to Cost: 92%
Comments: Rehab of 90 apartment units. Occupancy at time of closing was 60%.
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Small Business Loan
Loan Amount:$721,000
Term:20 years
Collateral: 2nd mortgage on Real Estate and equipment
Location:Chicago, Illinois
Loan to Value: 90%
Comments: Arranged 90% financing structure on real estate and equipment via SBA 504 loan program.
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