Champaign, IL | Non-Performing Note Secured by Industrial Facility | Closed in Online CRE Auction

  • Jul 12, 2018
  • Marketplace Closings

The non-performing note secured by an Illinois industrial facility sold above seller's expected value.

Continuing the history of success that RealINSIGHT Marketplace has in selling industrial assets and loans in its online CRE auctions, Marketplace sold a non-performing note secured by a 182,000+ SF industrial warehouse/distribution facility in Champaign, Illinois.

The collateral was 100% leased to a single tenant with a lease expiring in three years and a renowned national investment sales broker was brought in to facilitate the sale. With the help of the experienced Marketplace team, the loan was sold well above the value that the seller had believed the market could bear.

To learn more about the non-performing note secured by an industrial building in Champaign, IL, please visit our asset page or reach out to the RealINSIGHT Marketplace team at info@rimarketplace.com.