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CIBC Bank Provides $82M Construction Loan For West Loop Development Site

1101 West Van Buren Street
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This Development Site property located in IL received a loan of $82,000,000 about 1 year ago.

The development site located at 1101 West Van Buren Street in West Loop, Chicago, was involved in a recent closed transaction. The property, owned by Pizzutti Companies and represented by Joel Pizzutti, was the subject of a loan provided by CIBC Bank.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $82,000,000
  • Loan Type: Construction Loan

The loan, provided by CIBC Bank, enabled the development of the property at 1101 West Van Buren Street. The involvement of Pizzutti Companies, led by Joel Pizzutti, as the landlord and property owner, highlights their role in the transaction. This deal signifies the value and potential of the development site in the West Loop market.

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  • Location
    1101 West Van Buren Street, Chicago, Illinois 60607, United States1101 West Van Buren Street, Chicago, Illinois 60607, United States
  • Loan Value
    $82,000,000$82,000,000
  • Asset Type
    Development SiteDevelopment Site

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Deal Summary

LOAN IMAGE: Joel Pizzutti DATE: 12/28/2022 ADDRESS: 1101 West Van Buren Street MARKET: West Loop, Chicago ASSET TYPE: Development Site LENDER: CIBC Bank LANDLORD: Pizzutti Companies (@ThePizzutiCompanies) - Joel Pizzutti LOAN AMOUNT: $82,000,000 LOAN TYPE: Construction Loan

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