Optimum Bank Provides $8,200,000 Acquisition Loan For Office Assets In Iowa

The transaction involves office properties located at 100 East Kimberly Road and 2550 Middle Road in Davenport and Bettendorf, IA. The acquisition loan amounted to $8,200,000, facilitated by Optimum Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,200,000
• Lender: Optimum Bank
• Brokers: Elliott Birnbaum & Jason Bogopulsky - Meridian Capital Group
• Market: Davenport & Bettendorf, IA

Elliott Birnbaum and Jason Bogopulsky acted as brokers in this transaction, representing the deal facilitated with the lender for the acquisition of the office assets.