Posted Aug 28, 2020, 2:21 AM
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devout Pizzatarian
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Join Date: Jul 2001
Location: Lincoln Square, Chicago
Posts: 29,793
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Quote:
Originally Posted by The Pimp
Does anyone know anything about the financing on this bad boy?
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From trib article from last month:
"The lead lender is Bank OZK, formerly known as Bank of the Ozarks, an active lender for high-rise developments in Chicago and other large cities. There also will be mezzanine debt from Pearlmark Real Estate Partners and Monroe Capital.
Investors include Wanxiang America Real Estate Group, a Chicago-based arm of Chinese auto parts manufacturer Wanxiang Group, and crowdsourced equity raised through CrowdStreet, according to the developers."
Source: https://www.chicagotribune.com/colum...urce=onesignal
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"Missing middle" housing can be a great middle ground for many middle class families.
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