Chicago lawyers secures multi-million dollar HUD loan for affordable housing provider
Masuda Funai secures a loan insured by the US Department of Housing and Urban Development for Lake View Towers Residents Association, Inc.
Chicago law firm Masuda, Funai, Eifert, & Mitchell, Ltd. assisted Lake View Towers Residents Association Inc. to secure a $66.3M loan insured by the U.S. Department of Housing and Development (HUD).
Draper and Kramer was the loan originator and X-Caliber Capital Corp. was the lender in the transaction.
Lake View Towers Residents Association Inc. provides and maintains safe and affordable housing for low to moderate income individuals and families.
Keith Groebe, leader of the team of professionals who handled the deal, commented:
“We’ve worked with Lake View Towers Residents Association Inc. for many years and enjoyed the opportunity to represent them in securing this loan. Our clients appreciate our long-term commitment to their success be it with regards to routine or extraordinary undertakings.”