Andrew H. Wineburgh, executive vice president of DS Capital LLC, announced that the firm has raised funds totaling $30,619,000 for projects across Illinois.
In Chicago, a 42,893-square-foot, mixed-use building located in the Elston/Irving area was improved after a $2,800,000 refinancing. The building, constructed in 1932 and featuring eight commercial units and six loft-style residential apartments, benefited from the loan which was processed for a local borrower through a correspondent relationship with a national insurance company.
The $2,654,000 in funding for two local real estate owners allowed for the acquisition of a five-story plus basement office building. Built circa 1906 in the River North area of Chicago, the masonry and mill-constructed, sprinklered structure contains a gross building area above grade of approximately 21,500 square feet. The loan was processed through a correspondent relationship with a national insurance company.
The former Hotel Moraine located in Highwood, Illinois has been rehabilitated and converted into a 106 apartment Assisted Living Facility, based on $15,600,000 in funding. The Loan was financed with a local bank for local borrowers. in Champaign, Illinois, a $9,565,000 loan benefited a single-tenant, NNN leased manufacturing warehouse facility; the loan was processed through a correspondent relationship with a national insurance company.