Inland Bank and Trust closed an $11 million loan for the refinancing of a 121,949-square-foot industrial facility in Kenosha, Wisconsin.
Chris Metcalf, senior vice president – head of commercial lending, and Gia Tomaszewski, assistant vice president – CRE, both with Inland Bank, originated the loan. The financing was structured in collaboration with Douglas Barker and Daniel Nyhan of Chicago-based Mesirow Financial, who represented the property owner in the transaction.
At the time of closing, the property was 100 percent occupied by an investment-grade quality tenant with approximately 6.5 years remaining on its current lease term.
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