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