 Multi-Tenanted
Buildings
Northbrook and Wheeling, Illinois
The
Philipsborn Company structured and procured $2,100,000
of long term, non-recourse, fixed-rate financing
secured by two multi-tenanted industrial buildings
totaling 118,000 square feet. Each of the 25 year
old buildings was fully leased to tenants whose
leases matured over a 15 to 30 month period. The
two loans, secured by individual mortgages and
not cross-collateralized, were provided by Summit
Investment Advisors, an exclusive correspondent
of The Philipsborn Company. |
