Infinite Self Storage Obtains $9.9M Construction Loan

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Oak Brook, Ill.-based Leaders Bank has extended a $9.91 million acquisition/construction loan for the Infinite Self Storage facilities in Bolingbrook. The loan was arranged by Chris Cernek, Jason Welch and Hugh Franklin on behalf of the borrow, an entity related to Indianapolis, Ind.-based Herman & Kittle Properties.The self-storage property will be comprised of 1,133 storage units. The loan will be used to construct an additional 396 units. For more information, visit www.hermankittle.com/iss/index.htm.

 

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