US EditionForman Capital Provides $6.8M Acquisition Loan for Distressed Office Asset in Metro Chicago
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Forman Capital Provides $6.8M Acquisition Loan for Distressed Office Asset in Metro Chicago
OAK BROOK, ILL. — Forman Capital has provided a $6.8 million loan for the acquisition of a distressed office asset in the Chicago suburb of Oak Brook. Butterfield Office Plaza is a four-building office campus totaling 308,921 rentable square feet. The borrower, 2625 Butterfield LLC, is led by investor and developer Mitch Goltz, who acquired the property in a distressed sale and has a business plan to stabilize, reposition and redevelop key compo…
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