Project: Chicago (Bucktown - Wicker Park)- Luxury Home Construction Financing
Client: An experienced single family and condo developer focused on near north side of Chicago. Also a repeat client of Sherpa.
Transaction: Construction loan for high end luxury home located in the Bucktown - Wicker Park market of Chicago.
Challenge: Client wanted to obtain acquisition and construction financing and start building prior to having located an end buyer with purchase contract.
Opportunity: Sherpa Capital Group LLC was able to provide financing to a reputable and experienced builder with significant cash equity into the transaction.
Action: Sherpa Capital Group LLC provided a first mortgage structured as a construction loan with multiple draws to best accommodate builder to complete in the most timely manner.
Transaction: Construction loan for high end luxury home located in the Bucktown - Wicker Park market of Chicago.
Challenge: Client wanted to obtain acquisition and construction financing and start building prior to having located an end buyer with purchase contract.
Opportunity: Sherpa Capital Group LLC was able to provide financing to a reputable and experienced builder with significant cash equity into the transaction.
Action: Sherpa Capital Group LLC provided a first mortgage structured as a construction loan with multiple draws to best accommodate builder to complete in the most timely manner.