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CIBC Finances $35.64M Acquisition For Industrial Properties In Elk Grove Village And Lombard

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FINANCED
$35,640,750
Lucas Borges
Scott McKibben
+ 2

Illinois

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Industrial
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FINANCED

CIBC Finances $35.64M Acquisition For Industrial Properties In Elk Grove Village And Lombard

2440 Pratt Boulevard, 1949 Arthur Avenue, 1000 Main Street & Kennicott Avenue

See Similar Deals
Industrial
Financed
Lucas Borges
Scott McKibben
+ 2
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Summary

ILLINOIS
Asset Type:Industrial
Transaction Type:Loan

The assets involved in this transaction are industrial properties located at 2440 Pratt Boulevard, 1949 Arthur Avenue, 1000 Main Street, and 3160-3196 Kennicott Avenue, situated within the markets of Elk Grove Village, Lombard, and Arlington Heights. The acquisition financing for these properties amounted to $35,640,750, provided by CIBC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $35,640,750
  • Lender: CIBC
  • Landlord: Scott McKibben, Matt Kay & Tina Ramos - Matterhorn Venture Partners
  • Landlord's Representative: Lucas Borges, Mary Dooley & Emma Berner - JLL
  • Loan Type: Acquisition Financing

The transaction was facilitated by a group of key individuals including Scott McKibben, Matt Kay, and Tina Ramos representing Matterhorn Venture Partners as landlords. Lucas Borges, Mary Dooley, and Emma Berner from JLL acted as the landlord's representatives in this deal.

Players

Lucas Borges
10 deals$998.6M volume
BROKER

Mary Dooley
JLL
9 deals$611.2M volume
BROKER

Emma Berner
JLL
2 deals$125.6M volume
BROKER

Scott McKibben
Matterhorn Venture Partners
6 deals$65.6M volume
LANDLORD

Matt Kay
Matterhorn Venture Partners
2 deals$35.6M volume
LANDLORD

Matterhorn Venture Partners
LANDLORD

Details

FINANCED
IMAGE: Mary Dooley, Scott McKibben, Lucas Borges, Tina Ramos, Emma Berner & Matt Kay DATE: 02/26/2026 ADDRESS: 2440 Pratt Boulevard, 1949 Arthur Avenue, 1000 Main Street & 3160-3196 Kennicott Avenue MARKET: Elk Grove Village, Lombard & Arlington Heights ASSET TYPE: Industrial LENDER: CIBC (@CIBC) LANDLORD: Scott McKibben, Matt Kay & Tina Ramos - Matterhorn Venture Partners LANDLORD'S REP: Lucas Borges, Mary Dooley & Emma Berner - JLL (@JLL) LOAN AMOUNT: $35,640,750 LOAN TYPE: Acquisition Financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,640,750.00

Monthly NOI$237,605.00
Monthly Debt Service$225,273.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00