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| Photo from Crain's Chicago Business |
The developer of a big West Loop apartment project has scored a construction loan from Bank of the Ozarks, a sign that lenders aren't quite ready to take the punch bowl away from the multifamily-building party. A joint venture including Skokie-based F&F Realty secured a $117.8 million loan from the Little Rock-based bank for a 492-unit apartment development at the corner of Halsted and Madison streets, said Mark Lecocq, senior vice president at Fifield, which is building the tower for the venture. Workers are preparing the site for construction, and Fifield expects to complete the project in fourth-quarter 2018, he said. Read More....
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