$6,520,500 Bridge Loan
159,850 Square Feet
May 2018 – Avant Capital has acquired a non-performing loan secured by a portfolio of multifamily properties containing 181 rental units located in the South Shore neighborhood of Chicago, Illinois. The Property is well-located in the Jackson Park Highlands district of the South Shore neighborhood of Chicago. Three of the four buildings are located just south of Jackson Park Golf Course and the building on Oglesby Avenue is located two blocks from the lakefront trail, the South Shore Cultural Center and the South Shore Golf Course. The South Shore area is located along Chicago’s Lakefront, within close proximity to attractions such as the Museum of Science and Industry, the University of Chicago and the South Shore Cultural Center. The Jackson Park Highlands historic district is a highly desirable residential pocket that is characterized by low-density residential housing, including many mansions.