Marcus & Millichap Capital Corporation Secures $7.5M Construction Loan For Mixed-Use Development In West Town, Chicago | 1801 West Grand Avenue | Frank Montalto, Dean Giannakopoulos | Mixed-use | Loan

Summary

Loan

ILLINOIS

Mixed-use

23,000 sqft

A construction loan of $7,500,000 was secured for a ground-up mixed-use development located at 1801 W Grand Avenue in the West Town Neighborhood of Chicago. The loan was obtained on September 29, 2022, through Marcus & Millichap Capital Corporation. The property has a total area of approximately 23,000 square feet.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $7,500,000
Date: 09/29/2022
Address: 1801 W Grand Avenue
Market: Chicago, IL
Asset Type: Mixed-use
Square Footage: 23,000

Frank Montalto and Dean Giannakopoulos, representing Marcus & Millichap Capital Corporation, facilitated the loan for this ground-up construction project. The development is located in the West Town Neighborhood of Chicago.

Players

All
3

Agents
2
Agencies
1

Frank Montalto

Managing Director

$15.1M Sold

Dean Giannakopoulos

Senior Vice President

$25.1M Sold

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Frank Montalto & Dean Giannakopoulos DATE: 09/29/2022 ADDRESS: 1801 W Grand Avenue MARKET: Chicago, IL ASSET TYPE: Mixed-use ~ SF: 23,000 BROKERS: Frank Montalto (@FrankMontalto8) & Dean Giannakopoulos - Marcus & Millichap Capital Corporation (@MarcusMillichap_Chicago) LOAN AMOUNT: $7,500,000 LOAN TYPE: Construction LOAN TERMS: Ground-up construction mixed-use development in the West Town Neighborhood of Chicago.

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Address1801 West Grand Avenue

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