Associated Bank has closed a $10.6 million acquisition and bridge loan for Molto Properties to acquire a 246,446-square-foot cross-dock industrial building in the Randall Crossings Business Park, 2770 Alft Court in Elgin, Ill.
“We are excited about the opportunity to help Molto Properties acquire the 2770 Alft property and hope this is the first of many projects we’ll collaborate on together,” Craig Przygoda, senior vice president with the Commercial Real Estate division of Associated Bank who managed the loan, said.
