The Missner Group is a Chicago-based fully integrated real estate development, investment, and construction firm. As a result of an exceptionally long-standing and mutually beneficial relationship with our bank, encompassing many aspects of their banking business, the principals of the company reached out to our business lending experts with a challenge. The goal involved refinancing an eight-property portfolio located throughout the Chicagoland area, all owned in different partnerships.
By providing a $30.0M loan, First American Bank funded the refinance of the entire portfolio, including but not limited to numerous tenant and capital improvements, coupled with additional miscellaneous items.
“The terms and conditions of this portfolio loan were a win-win for both parties,” according to Barry Missner, CEO of The Missner Group.
The existing thirty-year relationship between First American Bank and the Missner family businesses played a significant role in getting this sizable deal across the finish line, according to First American Bank.
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