CHICAGO-Harbor Group International LLC has renewed the financingof $58 million in loans for Burnham Center. According to MeridianCapital Group LLC, the office building measuring 579,800 squarefeet at 111 W. Washington St. received a first loan of $46 millionfrom Wells Fargo Bank and a mezzanine loan of $12 million from MillValley, CA-based Redwood Trust.
The first mortgage, which was said to be paid on March 1, wasextended and the refinancing was pursued by Harbor. For thefull story, go to Crain's Chicago Business.
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