YK Investments Secures $25.14M Loan For 68-Unit Multifamily Property In Chicago

The Archer is a 68-unit multifamily property located at 1211 North Lasalle Drive in the Chicago market. YK Investments is the landlord of the property, and the loan amount secured for this asset is $25,140,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,140,000
• Address: 1211 North Lasalle Drive
• Market: Chicago
• Units: 68
• Landlord: YK Investments
• Brokers: Daniel Eidson & Ben Applebaum - Concord Summit Capital

Concord Summit Capital facilitated the bridge financing for YK Investments, enabling them to take full control of the property. This arrangement allowed the limited partner to buy out the general partner and initiate renovations of the units with a zero cash-to-close structure.