Newcastle Secures Construction Debt on Gold Coast Mixed-Use,Downtown

Newcastle Limited secured $41.3 million in construction financing to support development of its mixed-use project at 1210 N. State Parkway in Chicago’s Gold Coast neighborhood. CIBC Bank USA is the loan administrative agent, and First Midwest Bank is a co-lender. Construction will commence this month, with delivery slated for early 2022. The 12-story project consists of 89 upscale apartments, 18…

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