Finance Midwest
Evan Gentry

Money360 hits $1 billion milestone

Money360, a technology-enabled direct lender specializing in commercial real estate loans, has surpassed $1 billion in loans originated and closed since inception. The announcement comes just 11 months after the company announced it had surpassed $500 million.

Finance N Illinois
HFF arranges financing for Wicker Park condo/townhome development

HFF arranges financing for Wicker Park condo/townhome development

Holliday Fenoglio Fowler, L.P. (HFF) announced that CIBC Bank USA has been selected to provide $31.1 million in financing to Vermilion Development for the construction of 43 luxury condominium units and 12 townhomes at Alcove M.D.P. in Chicago’s Wicker Park neighborhood. The property is located at 1650 W. Division Street and is scheduled to break ground in the first quarter of 2019.

Finance W Minnesota
Andy Finn;NorthMarq

Minneapolis office of NorthMarq hires VP

Andy Finn has joined the Minneapolis regional office of NorthMarq Capital as vice president. Finn will be responsible for structuring debt and equity capital for all types of commercial and multifamily real estate transactions in the Midwest region and throughout the United States.

Finance N Illinois
Origin Investments’ new opportunity zone fund attracts $105M in 17 hours

Origin Investments’ new opportunity zone fund attracts $105M in 17 hours

Chicago-based private equity real estate firm Origin Investments launched a Qualified Opportunity Zone (QOZ) fund on Nov. 14 and amassed $105 million in commitments from 425 investors in 17 hours. While other firms are raising blind capital for QOZ funds, Origin has three multifamily opportunity zone projects under contract—one in Denver and two in Charlotte, cities that make the top 10 markets to watch in Urban Land Institute’s 2019 Emerging Trends in Real Estate report.