CIBC Provides $27.9M Construction Loan For Development Site On S. Wood St. In Chicago

A development site located at 1134 S. Wood Street in Chicago has recently secured a construction loan. The loan amount, provided by CIBC and its representative Michael G. Capatides, totals $27,900,000. The property, owned by The Chicago Lighthouse and Brinshore Development LLC, is poised for development in the near future.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $27,900,000
• Address: 1134 S. Wood Street, Chicago
• Lender: CIBC - Michael G. Capatides
• Landlord: The Chicago Lighthouse & Brinshore Development LLC

The construction loan provided by CIBC, with Michael G. Capatides representing the lender, enables the development of the property at 1134 S. Wood Street. The owners, The Chicago Lighthouse and Brinshore Development LLC, have obtained the necessary financing to proceed with their development plans.