Chicago, IL $6,000,000 Fully Approved Development Site Bridge Loan

Knighthead provided a $6,000,000 bridge loan secured by a ~16,893 Sq. Ft. development site which is fully approved for a 122,000 Sq. Ft., 34 unit luxury condominium building.  This loan closed in 13 business days and was underwritten at 66% LTV.