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BWE Secures $5.25M Loan For Likewise Partners' Industrial Portfolio In Wisconsin & Illinois

Property Image
FINANCED
$5,250,000

Illinois

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Industrial79,152 SF
Financed 06/22/2023
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Property Image
FINANCED

BWE Secures $5.25M Loan For Likewise Partners' Industrial Portfolio In Wisconsin & Illinois

Menomonee Falls, Appleton Wisconsin & Machesney Park, Illinois

See Similar Deals
Industrial79,152 SF
Financed 06/22/2023

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:79,152 SF
Transaction Type:Loan

The Midwestern Industrial Portfolio, located in Menomonee Falls, Appleton Wisconsin, and Machesney Park, Illinois, has secured $5.25 million in acquisition financing. The industrial portfolio encompasses a total of 79,152 square feet and is fully leased. The properties within the portfolio are occupied by Engman-Taylor and align with Likewise Partners' strategy of acquiring high-quality industrial assets with stable income.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,250,000
  • Address: Midwestern Industrial Portfolio
  • Market: Menomonee Falls, Appleton Wisconsin & Machesney Park, Illinois
  • Lender: BWE - Christopher Carroll & Max Miller
  • Landlord: Likewise Partners - Steven Buss

BWE, represented by Christopher Carroll and Max Miller, provided the acquisition financing for the Midwestern Industrial Portfolio. Meanwhile, Likewise Partners, led by Steven Buss, serves as the landlord. This deal showcases the collaborative efforts of the lending and property management teams to facilitate the acquisition of a well-leased industrial portfolio.

Details

FINANCED
IMAGE: Max Miller, Christopher Carroll & Steven Buss DATE: 06/22/2023 ADDRESS: Midwestern Industrial Portfolio MARKET: Menomonee Falls, Appleton Wisconsin & Machesney Park, Illinois ASSET TYPE: Industrial ~ SF: 79,152 LENDER: BWE - Christopher Carroll & Max Miller LANDLORD: Likewise Partners - Steven Buss LOAN AMOUNT: $5,250,000 LOAN TYPE: Acquisition Loan NOTE: BWE has secured $5.25 million in acquisition financing for Likewise Partners' three-property industrial portfolio in Wisconsin and Illinois. The portfolio, fully leased and including properties occupied by Engman-Taylor, aligns with Likewise Partners' strategy of acquiring high-quality industrial assets with stable income.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,250,000.00

Monthly NOI$35,000.00
Monthly Debt Service$33,183.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00