Fulton Street Co. Secures $31.7M Construction Loan From Obra Real Estate In Chicago

The asset involved in this transaction is a retail property located at 1010 West Madison Street in the Chicago market, featuring a total square footage of 40,000. The loan amount secured for this property is $31,700,000 under a construction loan type.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $31,700,000
• Address: 1010 West Madison Street
• Market: Chicago
• Lender: Obra Real Estate – Scott Larson & Alex Guckien
• Borrower: Fulton Street Co. – Alex Najem & Ross Babel; Shanna Khan
• Loan Type: Construction

The transaction is represented by Scott Larson and Alex Guckien from Obra Real Estate, while Fulton Street Co. is represented by Alex Najem, Ross Babel, and Shanna Khan. This deal highlights the collaboration between these key individuals in securing the financing for the property development.