Cornerstone Capital Secures $4.42M Loan For Industrial Property In East Peoria, IL

Located at 125 Thunderbird Lane in East Peoria, IL, this industrial property boasts a sizable 154,160 square feet of space. The transaction involved an acquisition loan provided by First Waterman Bank.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,420,000
• Loan Type: Acquisition
• Loan Terms: 10 Year Fixed / Rate: 3.5% / 25 Year Amortization
• Market: East Peoria, IL
• Address: 125 Thunderbird Lane

Russell Nova, Anu Nagpal, and Igor Zakh from The Cornerstone Group of NY represented the buyer as brokers in this transaction. Anu Nagpal, the Senior Relationship Manager, along with Igor Zakh, COO, handled the financing on behalf of the sponsor and worked directly with the lender to meet all requirements in a timely manner. Cornerstone Capital of NY, known for its extensive network of over 85+ commercial lenders, was instrumental in securing the financing for this large industrial property.

Cornerstone Capital's team, comprised of underwriters, analysts, processors, loan coordinators, and credit managers, worked collaboratively to ensure a seamless financing process. The buyer's satisfaction is paramount to Cornerstone Capital, and their strong relationship with both the sponsor and the trusted lender played a key role in making this deal a success.