Associated Bank Provides $5.5M Bridge Loan for Acquisition of Industrial Facility in McHenry, Illinois

by Kristin Harlow

MCHENRY, ILL. — Associated Bank has provided a $5.5 million bridge loan for the acquisition of a 218,000-square-foot industrial facility located at 1301 Ridgeview Drive in McHenry. Built in 1995, the air-conditioned building is located on almost 20 acres. Features include 20 exterior loading docks and parking for 519 cars and 40 trailers., which provides printing, manufacturing and fulfillment solutions, leases approximately 50 percent of the space. Krista Casper of Associated Bank originated the loan on behalf of the borrower, Midwest Industrial Funds.

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