Byline Bank’s Commercial Real Estate Group (BCREG) has successfully closed a $10.4 million financing deal for the acquisition of a 263,000-square-foot industrial building in Cincinnati, Ohio. The borrower is an affiliate of Brennan Investment Group, based in Chicago.
Represented by law firm Duane Morris, Byline has now financed nine transactions for Brennan and its affiliates. “Amidst turbulent debt markets,” said BCREG executive vice president John Barkidjija, “Brennan turned to Byline to provide short-term acquisition financing.” Despite the tight timeframe given by the borrower, Byline was able to close the loan efficiently.
Based in Chicago and with nationwide reach, BCREG specializes in first mortgage construction loans as well as bridge and permanent loans secured by properties within Chicagoland area. Most recently,Brennan acquired seven buildings located at O’Hare submarket’s Wood Dale neighborhood.
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The article titled “Byline Provides $10M to Brennan for Industrial Building Acquisition” was originally published on Connect CRE.
