More than 200 results for “financing”
Seniors Housing N Illinois

POAH acquires Chicago-area YMCA senior housing properties

Preservation of Affordable Housing (POAH) is acquiring six senior housing facilities financed by HUD and currently owned by YMCA Foundation entities. POAH will continue providing affordable rental housing to seniors at all 461 apartments, which were previously managed by the YMCA of Metropolitan Chicago. As the new owner, POAH will honor ex…

Finance N Illinois

Draper and Kramer hires Jacob Vial as SVP for FHA/HUD lending

Draper and Kramer has hired Jacob Vial as senior vice president in the company’s commercial finance group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief underwriter for all credit decisions an…

Finance N Illinois

Old Town multifamily project a go with closing of funding round

New York-based Prodigy Network has closed the first round of equity funding for a seven-story multifamily building in the Old Town neighborhood, its inaugural project in Chicago. The $22 million raised will facilitate property acquisition and predevelopment costs for the project at 1400 N. Orleans Street, Old Town Residences, which moves to…

Legal V Michigan

Retail leases and rent payments: Timing is everything

| Gary Kravitz

Two recent client situations remind me of a critical lease issue that sometimes gets overlooked. In each situation, the tenant entered into a retail lease where rent would begin within “x” days after the execution date of the lease. Under normal circumstances, the free rent period in both leases would have been sufficient for the tenant to …

CRE N Illinois

Clear Height Properties adds to growing team

Clear Height Properties has named Nena Guillory Hamilton as controller. In this position the accounting and commercial real estate veteran is responsible for financial and accounting functions for the company and its expanding commercial real estate portfolio. The firm also announced the appointment of Joe Young as vice president, asset man…