Midwest Industrial Funds Completes $26.5M Financing

Midwest Industrial Funds in conjunction with Heartland Bank & Trust Company recently closed a $26,500,000 million refinance of ten industrial and flex properties that comprise the majority of the remaining assets of MIF Value Fund LP.  The properties in this diversified portfolio are located throughout metro Chicagoland and total over 800,000 SF, with 40+ tenants and an overall occupancy level in excess of 90%.

Ryan Kastner from Heartland Bank stated, “we are very pleased to have closed this loan for Midwest Industrial and to further our relationship with their growing company.  We feel they are a best in class investor/operator when it comes to their expertise in acquisitions, leasing, construction and asset management.  Their whole team is really great to work with and we couldn’t be happier with the quality and diversification of the real estate.”