Finance N Illinois
Nathan Bowker;First Bank of Highland Park

First Bank of Highland Park promotes Bowker to VP/CRE

First Bank of Highland Park (FBHP), one of the five largest privately held banks in Chicago, announced the promotion of Nathan Bowker to vice president – commercial real estate. He is responsible for supporting the Bank’s growth by focusing on underwriting and credit risk analysis for loan origination while guiding portfolio and relationship management.

Finance N Illinois
Pershing Terminal in Stickney, Illinois.

Wool Finance Partners arranges $4.5M loan

Martin Siegel and Gary Wool of Wool Finance Partners have arranged $4.5 million in financing for Pershing Terminal in Stickney, Illinois. The creative loan structure was secured by a 100-percent-leased, 54-door truck terminal and maintenance facility on a 10-acre site.

Finance N Illinois
Five tax advantages of buying a commercial property

Five tax advantages of buying a commercial property

Whether you buy a small apartment or a sizable commercial building, an investment in commercial property typically provides multiple tax breaks for a small company. Your financial or tax advisor can determine exactly how an investment would play out for your business, but many pursue this investment as both a place to run a company and a tax-benefit-rich asset.

Finance N Illinois
SunTrust originates $10.6M acquisition bridge loan for condo deconversion in Chicago

SunTrust originates $10.6M acquisition bridge loan for condo deconversion in Chicago

SunTrust Banks, Inc. announced that Manny Brown, head of SunTrust Mortgage Banking and agency division production, and John Gordon, vice president in SunTrust CRE’s Chicago office, originated a $10.61 million bridge loan for the acquisition and condominium deconversion of Cambridge Commons in Chicago. The property is located in Edgewater, a popular lakefront community on the north side of Chicago.

Finance N Illinois
Chicago's Kinzie Hotel refinances for $30.5 million

Chicago's Kinzie Hotel refinances for $30.5 million

Holliday Fenoglio Fowler, L.P. (HFF) announced the $30.5 million refinancing for Kinzie Hotel, a 215-room boutique hotel in the heart of Chicago’s River North neighborhood. The HFF team worked on behalf of the borrowers, Bixby Bridge Capital and Urbana Holdings, to place the three-year, floating-rate loan with two 12-month extension options with Annaly Commercial Real Estate Group, Inc.

Finance v Wisconsin
Hall of Fame profile: Walker & Dunlop's Patrick Dempsey

Hall of Fame profile: Walker & Dunlop's Patrick Dempsey

Each year, Midwest Real Estate News runs its Commercial Real Estate Hall of Fame issue, highlighting the careers of the region’s most successful CRE pros. This year, we are running these profiles online, too. Today, we look at the thriving business created by Patrick Dempsey, managing director of capital markets with Walker & Dunlop in the Milwaukee suburb of Hartland, Wisconsin.