Clearpath Services Secures Construction Loan From First Farmers Bank & Trust for $26M Project In Bloomington

A development site located at 115 East Kirkwood Avenue in Bloomington, IN has a project value of $26,000,000. The site is financed through a construction loan provided by First Farmers Bank & Trust.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,000,000
• Lender: First Farmers Bank & Trust
• Landlord: Clearpath Services
• Brokers: Tim Mattingly - American Mortgage & Realty Corp; Ben Kadish & Dylan Batman - Maverick Commercial Mortgage
• Loan Type: Construction

The deal involved Tim Mattingly from American Mortgage & Realty Corp representing the financial interests of the lender, while Ben Kadish and Dylan Batman from Maverick Commercial Mortgage represented the developer. Clearpath Services is noted as the landlord associated with this transaction.