Cornerstone Capital Financing Provides $2.45M Bridge Loan For Multifamily Property In Chicago

A $2,450,000 bridge loan was secured for the acquisition of a 16-unit multifamily property located at 2430 North Damen Avenue and 1503 West Nelson Street in Chicago. The property spans 14,750 square feet and is owned by Randy Toa.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,450,000
• Units: 16
• Square Footage: 14,750
• Address: 2430 North Damen Avenue & 1503 West Nelson Street
• Market: Chicago

Russell Nova, Igor Zakh, and Alexander Nemirovskiy of Cornerstone Capital Financing worked as brokers on behalf of the borrower to ensure the successful closing of the deal. This transaction strengthens the relationship between Cornerstone Capital and their client, demonstrating their commitment to fostering client and bank relationships. In today's credit environment, maintaining strong relationships can be crucial in achieving successful deals.

Contact information for the Cornerstone Capital team involved in this transaction:

• Russell Nova, Principal: 917-559-1820, [email protected]
• Igor Zakh, Operating Officer: 917-567-1646, [email protected]
• Alexander Nemirovsky, Credit Manager: 347-751-5232, [email protected]