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Old Posted May 2, 2008, 7:34 PM
Mojava Mojava is offline
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Join Date: Feb 2006
Posts: 314
Ritz Financing

Here's one I was hoping would not secure financing...

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=29278

(Crain’s) — The Ritz-Carlton Residences condominium project got its financing this week, clearing the way for the planned 40-story tower at 664 N. Michigan Ave. to finally begin construction.

On Wednesday, the developer of the high-end condo building landed a $137.5-million construction loan from German financial institution Helaba and $40 million in preferred equity from the Kuwait Finance House, says Michael Schramm, a principal with Prism Development Co.
     
     
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