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

The 218,000-square-foot warehouse is located at 1301 Ridgeview Drive.

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.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Updated daily:
How Will COVID-19 Impact the Commercial Real Estate Industry?
Click here.

COVID-19 Webinars: Learn more about the CRE industry's response to the coronavirus. Sign up.

Watch On Demand:

There are no upcoming events at this time.

Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties