Finance N Illinois

DS Capital arranges for more than $30M in funding across several projects

DS Capital arranges for more than $30M in funding across several projects,ph1
The former Hotel Moraine in Highwood, Illinois, which $15,600,000 in funding has helped rehabilitate and convert into an assisted living facility.

Andrew H. Wineburgh, executive vice president of DS Capital LLC, announced that the firm has raised funds totaling $30,619,000 for projects across Illinois.

In Chicago, a 42,893-square-foot, mixed-use building located in the Elston/Irving area was improved after a $2,800,000 refinancing. The building, constructed in 1932 and featuring eight commercial units and six loft-style residential apartments, benefited from the loan which was processed for a local borrower through a correspondent relationship with a national insurance company.

The $2,654,000 in funding for two local real estate owners allowed for the acquisition of a five-story plus basement office building. Built circa 1906 in the River North area of Chicago, the masonry and mill-constructed, sprinklered structure contains a gross building area above grade of approximately 21,500 square feet. The loan was processed through a correspondent relationship with a national insurance company.

The former Hotel Moraine located in Highwood, Illinois has been rehabilitated and converted into a 106 apartment Assisted Living Facility, based on $15,600,000 in funding. The Loan was financed with a local bank for local borrowers. in Champaign, Illinois, a $9,565,000 loan benefited a single-tenant, NNN leased manufacturing warehouse facility; the loan was processed through a correspondent relationship with a national insurance company.