Fifth Third Bank Finances Retail Property In Kenosha, WI For $20.6M

The retail property located at 5710 75th St in Kenosha, WI spans a total of 199,217 square feet. The property was acquired for $20,600,000 with a 5-year swap deal at 6.39% financed by Fifth Third Bank. The landlord of the property is John Rodger, and the transaction was facilitated by Mindy Bergman from Meridian Capital Group.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,600,000
• Address: 5710 75th St
• Market: Kenosha, WI
• Loan Type: Acquisition
• Loan Terms: 5-year swap deal at 6.39%
• Lender: Fifth Third Bank
• Landlord: John Rodger
• Broker: Mindy Bergman - Meridian Capital Group

Mindy Bergman from Meridian Capital Group played a crucial role in representing the parties involved in the acquisition deal. The loan for the transaction was provided by Fifth Third Bank, further solidifying the successful completion of the acquisition. John Rodger, the landlord of the property, strategically navigated the transaction, ensuring a smooth and efficient process.