Finance

Luxury residential tower Optima Signature refinances for $215 million

Perkins Coie represented luxury residential development firm Optima, Inc. in the negotiation of its $215 million term loan for its Optima Signature project, which refinances…

Former Chicago Alderman Manny Flores to helm SBA lender SomerCor

SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), has appointed Manuel “Manny" Flores as president and chief executive officer. Flores takes the…

MichiganFinance

Bernard Financial provides $1.8 million loan for Michigan apartments

Bernard Financial Group closed a $1.8 million loan for a 28,250-square-foot multifamily property in Rochester, Michigan.

OhioFinance

KeyBank provides $39 million for Cleveland apartments

KeyBank Real Estate Capital and KeyBank Community Development Lending and Investment have provided a total of $39.4 million in financing for the redevelopment and preservation…

MMCC arranges $13.7M nonrecourse shopping center acquisition loan

Marcus & Millichap Capital Corp. (MMCC), a provider of commercial real estate financing and capital markets expertise, has arranged a $13.69 million nonrecourse loan to…

OhioFinance

Uber Capital Group provides $8 million in financing for Ohio Home Depot

Joel J. Gorjian, founder and chief executive officer of the commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC, has sourced…

MissouriFinance

Love Funding names senior director in St. Louis

Eric Forguson has joined Love Funding as a senior director of originations. Forguson will join the Love Funding team in St. Louis.

Lodge Financial arranges $12M for River North office property

Skokie, Illinois-based Lodge Financial has arranged $12,000,000 to refinance a 48,000-square-foot office property located at 435 N. LaSalle Street in Chicago. The loan comes with…

OhioFinance

Berkadia provides $37 million in financing for Cleveland redevelopment

Berkadia provided $37.9 million in financing for The Euclid Grand, a mixed-use historic redevelopment in downtown Cleveland that will feature 239 apartment units, 196 parking…

HomeStar Bank & Financial Services ranks 5th largest Illinois SBA lender

The SBA lending division of HomeStar Bank, after building a highly experienced and professional SBA lending team, has completed its first full year of operations…