Commercial Property

Wacker Drive office tower sold to Oregon investor

One noteworthy difference between the two deals is that Menashe financed the Wacker Drive purchase, compared with an all-cash deal for 230 W. Monroe. Menashe said he didn't initially intend to get a loan for the deal, but interest from a debt partner "fell in our lap."A Chicago subsidiary of New York-based Obra Capital provided financing for the acquisition, according to Menashe, who declined to share the specific loan amount but confirmed it was less than 50% of the purchase price.“We are excited to partner with experienced sponsors and be...
1 162 163 164 165 166 349
Page 164 of 349