Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Wool Finance Partners arranges $6.5M construction loan

January 4, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Martin Siegel of Wool Finance Partners has arranged $6,500,000 in acquisition and construction financing for a proposed 12.5-acre, 277-space, monthly overnight truck parking facility in Melrose Park, Illinois.

The borrower will be acquiring and demolishing an existing 300,000-square-foot industrial facility to create a gate-secured, fence-enclosed and lighted monthly parking facility for 277 tractor-trailers. The loan structure provided for a 24-month term at a floating interest rate and also provides for three, 12-month extensions on a 25-year amortization schedule upon stabilization.

Tags
financeIllinoisMelrose Parkwool finance partners
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IndianaMultifamily

Cushman & Wakefield helps close sale of Circle Point Villas in Indiana

June 9, 2023
OhioRetail

Friedman Real Estate sells car wash in Toledo

June 9, 2023
IllinoisIndustrial

Developer pulls plan for Baxter HQ industrial park

June 9, 2023
IndianaRetail

Marcus & Millichap sells 41,645-square-foot retail strip center in Indianapolis

June 9, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com