Draper and Kramer’s Commercial Finance Group (CFG) closed more than $100 million in loans for three commercial real estate portfolios comprising approximately 3.7 million square feet in assets throughout the Midwest.
The loans included the refinance of an eight-building industrial portfolio in Greater Milwaukee; an acquisition loan for a 38-building light industrial portfolio in Chicago’s suburbs; and a bridge loan for a four-building adaptive reuse development in the Renaissance district of South Bend, IN. The Milwaukee and Chicago loans were both secured for Westmount Realty Capital, which was joined in the Chicago portfolio by Stockbridge Capital Group.
“Commercial real estate fundamentals remain very strong, as evidenced by the competitive loan terms that we secured for each of these portfolios,” said Mark Perkowski, a CFG VP who led the debt placement for the transactions. He arranged the two Westmount deals with SVP Matthew Wurtzebach.
Pictured: A property in the Westmount/Stockbridge Chicago portfolio.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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