Chicago (Kinzie Corridor/West Loop) – Loft Office Building

Client: A commercial real estate developer focused on near north side of Chicago.

Transaction: Construction loan for vacant 28,000 square foot commercial building located in the growing West Town – Hubbard/Kinzie Corridor market of Chicago.

Challenge: Client needed construction financing to finish improvements in order to lease property and create value as soon as possible.

Opportunity: Sherpa Capital Group LLC was able to provide financing within 2 weeks and borrower had 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 developer to complete project in the most timely manner.