News
DARWINPW REALTY/CORFAC INTERNATIONAL FACILITATES MAJOR PORTFOLIO REFINANCE FOR DARWIN INVESTMENT GROUP
(Elmhurst, Illinois) – DarwinPW Realty/CORFAC International has facilitated the refinancing for a large portfolio of buildings for Darwin Investment Group. The portfolio includes 40 buildings totaling 2.2 million square feet throughout greater Chicagoland and the $100 million loan was refinanced through the firm’s lender, Wells Fargo.
“This new loan structure and 50% loan-to-value allows us flexibility to acquire new buildings to add to our portfolio,” says Matthew Lewandowski, Principal of DarwinPW Realty/CORFAC International and Principal of Darwin Investment Group. “We are excited about how much this portfolio has grown over the last decade and interested to see how it develops in the future.”
Darwin Investment Group is a privately held real estate investment company that focuses on commercial real estate investments throughout Chicagoland. The investment firm last refinanced its portfolio in December 2015, when it was made up of 1.4 million square feet of space and 27 buildings. The current portfolio is home to more than 225 tenants in 40 buildings and spreads from the south suburbs of Chicago to southeast Wisconsin.
The DarwinPW Realty team of Mr. Lewandowski; George Cibula, Managing Broker; Erin Cibula, CFO and Patricia Liston, Asset Manager worked on behalf of the transaction. Darwin Investment Group has already begun sourcing additional buildings for its portfolio.