Bank OZK Provides $96.7M Financing for Rockford Industrial Portfolio via Institutional Property Advisors

ROCKFORD, Ill. — Bank OZK has provided $96.7 million in financing for a three-property industrial portfolio in Rockford, Illinois, Institutional Property Advisors (IPA) Capital Markets announced Dec. 22, 2025.

The financing, arranged by Marcus & Millichap’s IPA Capital Markets division, supports a portfolio totaling more than 650,000 square feet. The assets include two stabilized, build-to-suit industrial buildings totaling 503,395 square feet and a third facility of approximately 155,000 square feet under construction. The properties serve a global pharmaceutical services provider.

Financing Structure

IPA Capital Markets’ Frank Montalto, managing director, and Ethan Splan, associate director, secured the three-year, non-recourse loan from Bank OZK on behalf of developer and general contractor Craig Erdmier. The financing consolidates the stabilized assets and cross-collateralizes them to fund the new construction phase.

“This transaction presented a rare opportunity to finance a sponsor-developed industrial portfolio backed by a strong credit tenant with zero leasing risk,” Montalto said in the announcement. “We’re pleased to deliver a solution that supports our client’s growth strategy and underscores the strength of the industrial sector.”

About Institutional Property Advisors

Institutional Property Advisors, a division of Marcus & Millichap (NYSE: MMI), provides real estate investment and capital markets services for institutional and major private clients. The firm offers customized solutions for the acquisition, disposition, and financing of institutional properties and portfolios.

Source: Institutional Property Advisors