The financing will be used to redevelop an office building at 801 South Canal Street in the expanding South Loop neighborhood of Chicago
CHICAGO, Aug. 17, 2022 /PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers that manages capital on behalf of third party investors, announced today that it originated a $67.6 million investment in the form of a mezzanine loan and preferred equity on behalf of Milestone Asset Management. The investment sits behind a $147.5 million senior loan from Bank OZK and was provided to 601W Companies. The financing will be used to redevelop 801 South Canal Street into a modern and highly amenitized 700,000 square foot office building located near Union Station in the vibrant Southwest Loop neighborhood of Chicago, Illinois.
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