Finance v Wisconsin

Inland Bank and Trust closes $11 million loan for Kenosha property

Inland Bank and Trust closes $11 million loan for Kenosha property,ph01

Inland Bank and Trust closed an $11 million loan for the refinancing of a 121,949-square-foot industrial facility in Kenosha, Wisconsin.

Chris Metcalf, senior vice president - head of commercial lending, and Gia Tomaszewski, assistant vice president - CRE, both with Inland Bank, originated the loan. The financing was structured in collaboration with Douglas Barker and Daniel Nyhan of Chicago-based Mesirow Financial, who represented the property owner in the transaction.

At the time of closing, the property was 100 percent occupied by an investment-grade quality tenant with approximately 6.5 years remaining on its current lease term.