Concord Summit Capital Secures $10M Mezzanine Loan For Chicago Luxury Development

The development site in Chicago, Illinois, has secured $10 million in mezzanine financing for a luxury multifamily project. The financing structure, arranged by Concord Summit Capital, LLC, includes a senior loan with a C-PACE component, aimed at optimizing economic returns for the construction completion.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Market: Chicago, IL
• Brokers: Daniel Eidson, David Larson & Keegan Burger - Concord Summit Capital

Daniel Eidson, the Managing Director at Concord Summit, played a key role in securing the mezzanine financing for the luxury multifamily development in Chicago. The financing package was carefully structured to optimize economic returns while minimizing risks associated with the project.