Associated Bank Provides $7 Million Loan To Transport Properties And GFH Partners For Industrial Building

The transaction involves a refinance loan from Associated Bank totaling $7,000,000 for an industrial property located at 3003 Etna Parkway Southwest in Etna, OH. The asset, which measures 75,250 square feet, is situated on a 20-acre site, featuring 7 acres designated for outdoor parking. The property was built in 2022 and is leased to Thayer Power & Communication.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,000,000
• Lender: Elizabeth Hozian - Associated Bank
• Landlord: Transport Properties & GFH Partners
• Loan Type: Refinance

Elizabeth Hozian from Associated Bank was responsible for arranging and closing the financing deal, ensuring the refinancing facilitated for the landlords, Transport Properties and GFH Partners, to maintain control over the leased property.