Bethpage Federal Credit Union Provides $90 Million Acquisition Loan For Office Property In Lake Zurich, IL | 1-4 Corporate Drive | Jacob Schmuckler, Israel Mermelstein, Jack Mcphail, Morris Betesh | Office | Loan

Summary

Loan

ILLINOIS

Office

1,091,214 sqft

Located at 1-4 Corporate Drive in Lake Zurich, IL, this office property spans a total of 1,063,543 square feet. The transaction involved an acquisition loan.

Summary of transaction details

Property Type: Office
Transaction Amount: $90,000,000
Lender: Bethpage Federal Credit Union
Brokers: Morris Betesh, Jack McPhail, Israel Mermelstein, and Jacob Schmuckler - Meridian Capital Group

The loan was facilitated by Bethpage Federal Credit Union, while the brokerage services were provided by Morris Betesh, Jack McPhail, Israel Mermelstein, and Jacob Schmuckler from Meridian Capital Group.

Players

All
5

Agents
4
Agencies
1

$71.3M Sold

Senior Managing Director

$754.4M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Jack McPhail, Morris Betesh, Israel Mermelstein & Jacob Schmuckler DATE: 05/11/2022 ADDRESS: 1-4 Corporate Drive MARKET: Lake Zurich, IL ASSET TYPE: Office ~ SF: 1,063,543 LENDER: Bethpage Federal Credit Union BROKERS: Morris Betesh, Jack McPhail, Israel Mermelstein (@Srulymermelstein) & Jacob Schmuckler - Meridian Capital Group LOAN AMOUNT: $90,000,000 LOAN TYPE: Acquisition

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Address1-4 Corporate Drive

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