Industrial Midwest

Wool Finance Partners arranges $3.85M financing for Fulton Market industrial building

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The lender, a regional bank, underwrote the loan based on the value of the existing lease in place and the future value of the 0.90-acre land site given the active development taking place in the neighborhood.

Matt Lebenson of Wool Finance Partners recently arranged $3.85 million in financing for a single-tenant 36,730-square-foot industrial property in Chicago's Fulton Market District.

The lender, a regional bank, underwrote the loan based on the value of the existing lease in place and the future value of the 0.90-acre land site given the active development taking place in the neighborhood.

The financing provided a non-recourse structure for a three-year term.