Byline Bank’s Commercial Real Estate Group (BCREG) has closed a $10.4 million financing deal for an industrial building in Cincinnati, Ohio. The 263,000-square-foot property sits on 18 acres and is owned by an affiliate of Brennan Investment Group based in Chicago.
Represented by the law firm Duane Morris, Byline has completed its ninth transaction with Brennan Investment Group and its affiliates.
“Despite turbulent debt markets, Byline was able to provide short-term acquisition financing within the borrower’s tight timeframe,” said John Barkidjija, executive vice president of BCREG. “We are thrilled to continue supporting Brennan’s transactions while furthering our goal of establishing long-lasting relationships with top sponsors.”
Based in Chicago, BCREG offers first mortgage construction loans as well as bridge and permanent loans secured by properties nationwide including those in the Chicagoland area. Recently acquiring seven buildings located in Wood Dale near O’Hare submarket ,Brennan continues to expand its portfolio.
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The article titled “Byline Provides $10M to Brennan for Industrial Building Acquisition” was originally published on Connect CRE.
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