Nicholas Stocking And Matt Wilbur Secure $21.25M Bridge Loan For 52-unit Multifamily In Chicago

The property asset involved in the transaction is a multifamily building located at 3605 North Ravenswood Avenue in the Chicago market. The asset consists of 52 residential units and secured a bridge loan amounting to $21,250,000. The loan terms are structured as 3 + 1 + 1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,250,000
• Loan Type: Bridge
• Loan Terms: 3 + 1 + 1
• Lender: Stephen Klufas - ORIX Corporation
• Borrower: Nicholas Stocking & Matt Wilbur - Stocking Urban & Macon Construction
• Brokers: Phil Galligan & Youngsoo Yang - JLL
• Units: 52
• Address: 3605 North Ravenswood Avenue
• Date: 09/09/2026

The key individuals involved in the deal include Nicholas Stocking and Matt Wilbur, who are representatives of Stocking Urban & Macon Construction as the borrowers. The lending process was facilitated by Stephen Klufas from ORIX Corporation. Phil Galligan and Youngsoo Yang from JLL served as the brokers representing the parties in this transaction.