Inland Bank and Trust closed a $4.31 million acquisition loan to purchase two adjacent industrial properties on the northwest side of Milwaukee. Joe Rubinas, vice president – commercial real estate lending with Inland Bank, originated the loan.
Positioned on about 14.5 acres of land at 6000 N 76th St. in Milwaukee, the industrial properties measure 165,000 square feet in total. The loan also included funds to improve and subdivide the properties to add additional tenants.
Rubinas worked with clients Saul Zenkevicius, managing partner of Z Equity Group, and Rafik Moore, principal of Caspian Management LLC, to finance the acquisition of the properties.
