Daniel Rezko Of DAC Developments Secures $71 Million Refinance Loan For Mixed-Use Asset In Chicago

The property involved in this transaction is a mixed-use asset located at 808 North Cleveland Avenue, situated in the Chicago market. The property encompasses 278 units and has a total square footage of 190,415. The transaction involves a loan amount of $71,000,000, specifically for refinance purposes.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $71,000,000
• Address: 808 North Cleveland Avenue
• Market: Chicago
• Asset Size: 278 units
• Square Footage: 190,415
• Landlord: Daniel Rezko - DAC Developments; Dennis Thompson & Corey Thompson - Bayview Holdings Limited
• Lender's Representative: Michael Hoffenberg - Trevian Capital
• Broker: Anthony Longo - Alpha Capital

Key individuals involved in this transaction include Daniel Rezko from DAC Developments and the Thompsons, Dennis and Corey, associated with Bayview Holdings Limited. Michael Hoffenberg serves as the lender's representative from Trevian Capital, while Anthony Longo represents the broker, Alpha Capital, in this financial deal.