Goldman Sachs & Deutsche Bank Provide $304.5M Construction Loan For Development Site On South Michigan Avenue In Chicago

1000 South Michigan Avenue, a development site located in Chicago, has recently secured a construction loan. The loan, amounting to $304,500,000, was provided by Goldman Sachs and Deutsche Bank. The property is owned by Time Equities, represented by Francis Greenburger and Robert Singer, as well as JK Equities and Oak Capitals.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $304,500,000
• Lender: Goldman Sachs & Deutsche Bank
• Landlord: Time Equities - Francis Greenburger & Robert Singer; JK Equities & Oak Capitals

This deal highlights the involvement of major financial institutions like Goldman Sachs and Deutsche Bank as lenders. The property, located at 1000 South Michigan Avenue in Chicago, serves as a development site. Time Equities, along with Francis Greenburger, Robert Singer, JK Equities, and Oak Capitals, act as the landlords in this transaction.