Chicago & Midwest + North Side + Net Lease | August 24, 2021

Southwell Arranges Net Lease Financing for Chicago, Kentucky Assets

Southwell Realty Capital has secured financing for two net lease real estate acquisitions, totaling $4,875,000. The Southwell Realty Capital team arranged a $2,375,000 acquisition loan for a Walgreens in Eastern Kentucky and a $2,500,000 acquisition loan for a Davita Dialysis Center in Chicago.

Gregg Christensen, managing director, said, “We were fortunate to work with a lender who understands the importance of this asset to the local community. They expedited the financing for the 1031 exchange acquisition at a most attractive rate for our client.”

Added managing director Richard Carr, “We’ve been having great success arranging triple net financing at advantageous rates. We’re pleased to deliver a successful debt execution for our client’s 1031 exchange.”

Pictured: Representative Davita clinic.

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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