Posted Jun 21, 2017, 5:18 PM
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Join Date: Sep 2002
Location: Chicago
Posts: 10,419
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http://www.chicagobusiness.com/reale...k-in-hyde-park
June 21, 2017
Bank of the Ozarks strikes in Hyde Park
Quote:
Another Chicago apartment project has scored a big construction loan from the Bank of the Ozarks: Solstice on the Park, 27-story tower underway in Hyde Park.
The Little Rock, Ark.-based bank in April provided the $76.2 million mortgage to the developer of the 250-unit building, a venture led by Englewood, N.J.-based Antheus Capital, according to Cook County property records.
It's the latest big Chicago multifamily development financed by the bank, which has emerged as one of the most aggressive construction lenders here over the last year or so. Bank of the Ozarks has provided big loans for a 76-story apartment tower in the South Loop, a 492-unit project in the West Loop and a Loop office project being built by Chicago developer John Buck.
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titanic1
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