OAK BROOK, Ill. (AP) -- Inland Real Estate Corp. said Friday that it has received a $140 million loan to help the company reduce the balance on its existing unsecured line of credit and retire remaining 2008 secured maturities.

The loan will also help "capitalize on new opportunities that may arise as a result of current marketplace conditions," said Mark E. Zalatoris, Inland Real Estate's president and chief executive, in a statement.

The Oak Brook, Ill.-based retail real estate investment trust entered the two-year unsecured loan agreement with five banks, including Bank of America Corp. and Wachovia Corp.

The term loan has a scheduled maturity date of Sept. 2, 2010.

"The $140 million unsecured term loan, as well as the $155 million line of credit that we secured in April, have enabled the company to maintain a strong financial position," Zalatoris said.

Shares of Inland Real Estate slipped 2 cents to $14.83 in morning trading.