The Philipsborn Company designed and arranged a fixed rate construction loan that converted to an amortizing long term permanent loan upon completion for this pre-leased, 20 foot clear industrial building. The developer sought to minimize costs and interest rate risk by fixing both loans upfront with same lender, Woodmen Of The World Life Insurance Society, an exclusive correspondent of The Philipsborn Company. One set of documents reduced legal costs, third party reports, and resulted in a fixed interest rate for both the construction and permanent mortgage funds.

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 Ameritas Investment Advisors, an exclusive correspondent of The Philipsborn Company.