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California Lender Provides Loan to Refinance, Recapitalize Pair of Midwest Properties

IBorrow's Loan Collateralizes Fully Leased Properties in Michigan and Indiana
The loan is for two buildings, including the Alma Products plant in Alma, Michigan. (CoStar)
The loan is for two buildings, including the Alma Products plant in Alma, Michigan. (CoStar)
By Jomo Crawley
CoStar Research
March 23, 2023 | 8:29 P.M.

A commercial real estate lender out of California has provided a $13.5 million loan collateralizing two fully leased, single-tenant industrial properties in the Midwest.

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