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In Milwaukee, Wisconsin, Northwestern Mutual Life makes its first real estate loan

Milwaukee, Wisconsin, 1854
07/09/1860
In Milwaukee, Wisconsin, the Northwestern Mutual Life Insurance Company made its first ever real estate loan of $600 to Charles Horning at 10% interest.  The company had been founded in Janesville in 1857 but was reorganized and moved to Milwaukee in March 1859.  It had been selling life insurance since its inception but on June 16, 1860 a board meeting had released $3000 for real estate loans.  The Company is still in operation in Milwaukee.  (By John Osborne)
Source Citation: 
Northwestern Mutual Life Insurance Company, The Semi-centennial of the Northwestern Mutual Life Insurance Company of Milwaukee, Wisconsin, 1859-1908 (Milwaukee, WI: Northwestern Mutual Life Insurance Company, 1908),108. 

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How to Cite This Page: "In Milwaukee, Wisconsin, Northwestern Mutual Life makes its first real estate loan," House Divided: The Civil War Research Engine at Dickinson College, http://hd.housedivided.dickinson.edu/node/32482.