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BridgeCity Capital Supplies $69M Loan for Chicago Resi Tower
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BridgeCity Capital Supplies $69M Loan for Chicago Resi Tower
DAC Developments has landed $69 million of construction financing to build a multifamily tower in Chicago, Commercial Observer has learned. BridgeCity Capital provided the bridge loan for the developer’s planned 19-story luxury apartment building with ground floor retail in Chicago’s South Loop neighborhood. Construction of the 223,000-square-foot, 165-unit project at 626 South Wabash Avenue commenced in April nearly three years after DAC receiv…
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