Marcus & Millichap (MMI) unit IPA Capital Markets arranged $96.7 million in financing from Bank OZK (OZK) for three industrial properties in Rockford, Illinois.

The three-year, non-recourse financing was secured on behalf of Craig Erdmier, a Northern Illinois-based design-build and construction management professional and general contractor, IPA Capital Markets said Monday in a statement.

The financing will be used to consolidate the stabilized assets and cross-collateralize the income-generating properties to support construction of a 155,000-square-foot third facility, IPA Capital Markets said.