Marcus & Millichap Capital Corporation Secures $7.5M Construction Loan For Mixed-Use Development In West Town, Chicago

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.