Nicholas Stocking Of Stocking Urban Secures $7.025M Refinance Loan For Kimball Arts Center

The asset involved in this transaction is a mixed-use property located at 1757 North Kimball Avenue in Chicago. The building spans 48,000 square feet and has undergone full rehabilitation, enhancing its appeal and functionality. The loan amount for this property was $7,025,000, and this transaction is categorized as a refinance.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,025,000
• Address: 1757 North Kimball Avenue
• Market: Chicago
• Lender: StanCorp
• Landlord: Nicholas Stocking - Stocking Urban
• Broker: Ryan Morris - BWE
• Loan Type: Refinance
• Square Footage: 48,000

Key individuals involved in this transaction include Nicholas Stocking, who serves as the landlord and is associated with Stocking Urban. Ryan Morris represented the deal as the broker from BWE. The specific focus of the property is its association with a creative community, housing various artists, designers, makers, and entrepreneurs.