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CHICAGO — Pembrook Capital Management has funded $7.25 million in preferred equity financing for a 148,877-square-foot property in Chicago. Located at 5307 S. Hyde Blvd., the 11-story building, which features 192 residential units and 20,833 square feet of retail space, was constructed in 1918 and occupied by Del Prado Hotel until the early 1970s when it was converted into apartments. The funding will recapitalize the property following a recent $28 million renovation. The owner has completed façade work as well as retail space and storefront improvements. The borrower was not disclosed.