Q Investment Partners, Melrose Ascension Capital, And Nick Melrose Secure $63.7M Construction Loan For Chicago Multifamily Property

The property involved in the transaction is a multifamily building located at 633 South Lasalle Street in Chicago, IL. The property has a total square footage of 175,000. The transaction took place on 02/09/2024.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $63,705,000
• Lender: Glacier Global Partners, BH3 Management & Petros Finance
• Landlord: Peter Young & James Coppack - Q Investment Partners; Nick Melrose - Melrose Ascension Capital
• Loan Type: Construction Loan

The transaction involved multiple lenders, namely Glacier Global Partners, BH3 Management, and Petros Finance. The loan amount for the transaction was $63,705,000, and it was a construction loan. The landlords involved in the deal were Peter Young and James Coppack of Q Investment Partners, as well as Nick Melrose of Melrose Ascension Capital.