Matt Lebenson of Wool Finance Partners recently arranged $3.85 million in financing for a single-tenant 36,730-square-foot industrial property in Chicago’s Fulton Market District.
The lender, a regional bank, underwrote the loan based on the value of the existing lease in place and the future value of the 0.90-acre land site given the active development taking place in the neighborhood.
The financing provided a non-recourse structure for a three-year term.
