Wool Finance Partners Arranges $4.2M in Financing for Two Industrial Buildings in Illinois

by Christina Cannon

CHICAGO AND NILES, ILL. — Wool Finance Partners has arranged $4.2 million in financing for two industrial properties in Illinois. In the first transaction, Wool Finance Partners arranged a $2 million refinancing loan for a 50,000-square-foot, net-leased property in the Fulton Market district of Chicago. The borrower was undisclosed, and a regional bank provided the capital for the non-recourse loan, which has a three-year term. Matt Lebenson of Wool Finance Partners brokered the transaction. In the second deal, Martin Siegel of Wool Finance Partners arranged a $2.2 million loan for the acquisition and redevelopment of a 78,000-square-foot property in Niles. The financing for the single-tenant, net-leased building was placed on behalf of an undisclosed local borrower. The non-recourse loan features a 10-year term.

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