Finance N Illinois
Marina Crossings, the largest speculative industrial project in the city of Chicago in over a century.

Navigating the changing tides of CRE financing

In today’s world of commercial real estate finance, there is a vast ocean of cash available to fill a capital stack. The financing world has evolved in the post-recession years with alternative lenders emerging to fill the void left by bank consolidation, a decline in worldwide commercial mortgage backed securities (CMBS) issuance and a general decrease in risk appetite.

Finance N Illinois
Maverick Commercial Mortgage consulted on $93.8M River City deconversion sale

Maverick Commercial Mortgage consulted on $93.8M River City deconversion sale

Benjamin L. Kadish of Maverick Commercial Mortgage announced the closing of the financing for the $93,835,000 first mortgage loan for River City located at 800 S. Wells Street in Chicago. River City is a condominium building that the borrowing entity will deconvert into an apartment building. The complex process from the initial offer to closing all 447 units took more than three years.

Finance N Illinois
The Weinberg Community for Senior Living in Deerfield, Illinois.

HFF secures financing for Deerfield independent living development

Holliday Fenoglio Fowler, L.P. (HFF) has secured financing for an independent living community in the northern Chicago suburb of Deerfield, Illinois. The HFF team worked on behalf of affiliates of Banner Senior, LLC, the managing partner of a joint venture partnership that is developing the facility, to arrange joint venture equity through Harrison Street. Additionally, HFF worked on behalf of the new partnership to secure a $55.6 million, four-year, floating-rate construction loan through a national bank.

Finance N Illinois
NKF arranges $50 million in financing for acquisition of Edens Plaza in Wilmette

NKF arranges $50 million in financing for acquisition of Edens Plaza in Wilmette

Newmark Knight Frank (NKF) successfully arranged a $50,500,000 mortgage loan for the $71,900,00, off-market acquisition of the notable retail center, Edens Plaza, located in Wilmette, Illinois. Executive managing directors of NKF’s Chicago capital markets group, Ben Greazel and Joel Simmons, originated the loan on behalf of the borrower, Newport Capital Partners Fund II (Newport). Greazel and Simmons secured the financing through LoanCore Capital and represented Newport in the acquisition.

Finance Midwest

A big 2018 for Bellwether: More than $7 billion in estimated loan volume

Bellwether Enterprise Real Estate Capital LLC finished 2018 strong, with more than $7 billion in estimated loan volume and a servicing portfolio of $22.6 billion. This included the closing of more than 750 loans for commercial and multifamily properties in key markets across the United States. The total loan volume was a 17 percent increase from 2017, a sign of Bellwether Enterprise’s continued growth and potential.