UnitedHealth Group Provides $15.4M Loan For Development Site In Chicago

A development site located at 508 Pershing in Chicago has recently been involved in a closed transaction. The property, which is part of the affordable housing sector, has attracted the attention of various parties. Bart Mitchell, representing the National Affordable Housing Trust and The Community Builders Inc. (TCB), acted as the landlord in the deal.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $15,400,000
• Lender: UnitedHealth Group

UnitedHealth Group provided a loan amounting to $15,400,000 for the development site at 508 Pershing. This financial support from UnitedHealth Group is expected to contribute to the development and enhancement of affordable housing in the Chicago market. Bart Mitchell, representing the National Affordable Housing Trust and The Community Builders Inc. (TCB), played a significant role as the landlord in this transaction, demonstrating their commitment to providing affordable housing options in the area.