May 6, 2019 Comments Off on $5.6M Bridge Loan Funds McHenry Industrial Deal Views: 142 Chicago News, Greater Chicagoland

$5.6M Bridge Loan Funds McHenry Industrial Deal

Chicago-based Associated Bank has completed a $5,560,000 bridge loan to Midwest Industrial Funds for the acquisition of a 218,000-square-foot industrial/warehouse facility at 1301 Ridgeview Drive in McHenry, IL. SVP Krista Casper of Associated’s commercial real estate division originated the loan.

Built in 1995, 1301 Ridgeview is located on almost 20 acres and has 20 exterior loading docks with exterior parking for 519 cars and 40 trailers. Approximately 50% of the space is leased to Disk.com, also known as Corporate Disk Company.

Midwest Industrial Funds is a vertically-integrated industrial real estate investment, development, asset management and advisory company. The Oak Brook, IL-based company has acquired, developed and sold more than six million square feet of industrial buildings and more than 290 acres of land valued in excess of $300 million.

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