Robert Sekula Of North Park Ventures And Scott Schiller & Michael Schwartz Of SNS Realty Group Secure $28.35M Construction Loan For Development Site In Chicago

3243 North Sheffield Avenue

$28,350,000

Building Size

—

Asset Type

Development Site

Closing

Jul 2, 2026

AI

The asset involved in this transaction is a development site located at 3243 North Sheffield Avenue in the Chicago market. The site comprises 99 units with a building square footage of 101,000. A construction loan of $28,350,000 has been secured for this project.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $28,350,000
Lender: Associated Bank
Landlord: Robert Sekula - North Park Ventures
Landlords: Michael Schwartz & Scott Schiller - SNS Realty Group

The deal involves key representatives including Robert Sekula from North Park Ventures and Michael Schwartz & Scott Schiller from SNS Realty Group. These individuals represent significant stakeholders in the development project associated with this loan transaction.

Players