CrossHarbor Capital Fund Seeds $140M in Financing for Multiple Industrial Projects in Southwest, Southeast
The loans were originated by the firm’s recently launched CrossHarbor Senior Debt Income Fund, which is based in Chicago. The fund partnered with National Life Group to provide Scannell Properties of Indianapolis with the construction financings.
MCR, which is headquartered in New York City and Dallas, acquired the 150-room hotel located nearby the Prudential Center, a major entertainment venue and home to the New Jersey Devils, for an undisclosed price.
The North Dallas market has recorded an uptick in absorption and rents during the last six months, and Leon Capital’s Society 190 looks to take advantage of the expanding employment in the area.
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