CIC closed more than $8 million in loans in October.
Contact a loan officer today to join the growing list of recent deals financed by CIC.
, a non-profit real estate organization, received a $5 million loan from CIC to acquire the Covent Hotel, an SRO property in Lincoln Park with 64 residential units and 7 commercial units. Financing from CIC facilitated a quick acquisition of the property, which NHP has plans to rehab and continue operating as affordable housing.
312 Real Estate
received a loan of $1.8 million from CIC to rehab a long-vacant property at 47th and King in Grand Boulevard, an area targeted by the City of Chicago's Micro Market Recovery Program (MMRP). The building is designated by the City of Chicago as historically significant, and will have 20 units following a significant rehab.
A first-time CIC client
received a $220,000 loan to acquire an 8 unit, 2 story brick property on West 76th Street in Greater Grand Crossing.
Chicago Realty Solutions
received a takeout loan of $1.68 million for 32 single family homes on the far south side of Chicago under CIC's 1-4 Unit Rental Redevelopment Loan Program.