$71 Million Refinance Loan Secured By Trevian Capital For 200-Unit Mixed-Use Asset In Chicago

The transaction involved a mixed-use property located in Chicago, IL, consisting of 355,000 square feet and 200 units. The loan amount for the refinancing was $71,000,000, structured with a loan type of refinance and terms of 2 + 1.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $71,000,000
• Asset Size: 355,000 SF
• Units: 200
• Lender: Charlie Zabriskie & Michael Hoffenberg - Trevian Capital
• Landlord's Representative: Anthony Longo - Alpha Capital
• Loan Type: Refinance
• Loan Terms: 2 + 1
• Market: Chicago, IL

The lenders for this transaction were Charlie Zabriskie and Michael Hoffenberg, representing Trevian Capital. The landlord's representative in the deal was Anthony Longo from Alpha Capital. A notable aspect of the loan agreement was the lender's emphasis on speed, certainty of execution, and flexibility.