REBusinessOnline

Parkview Financial Provides $22.7M Construction Loan for Townhome Project in Chicago

The 67-unit project is under construction in Chicago’s Avondale neighborhood.

CHICAGO — Parkview Financial has provided a $22.7 million loan for the construction of a 67-unit townhome project in Chicago’s Avondale neighborhood. The for-sale units will be housed in eight three-story buildings. The project will offer a mix of three-, four- and five-bedroom townhomes. Amenities will include a clubhouse, gym, playground and dog run. Construction recently commenced with completion slated for spring 2021. A joint venture between Noah Properties and MPM Holdings was the borrower.

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