Johnson & Bell Shareholder, Mark D. Belongia, along with Counsel, John D. Malarkey, recently closed a $5,750,000 credit facility for their client, a business executive air transportation company. The deal closed on February 26. The highly complex financing transaction involved numerous state and federal regulatory bodies, including a local Chicago airport. The collateral is two leasehold mortgages on subleases of ground leases of two airport hangers. Mr. Belongia also brought into the deal the entity that was the ultimate financing source for this transaction.
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