Byline Bank’s Commercial Real Estate Group (BCREG) announced today that it has provided a $17.5 million term loan to The Schirm Firm to finance the acquisition of Trotters Park, a multifamily property located at 720 Michigan Avenue in Columbus, Ohio. 

The financing marks the fourth transaction between Byline Bank and The Schirm Firm, a fourth-generation, family-owned real estate company. The acquisition expands the sponsor’s national real estate footprint and continues a long-time lending relationship between the two organizations.  

“Strong client relationships are at the center of how we approach commercial real estate lending, and we’re pleased to continue supporting The Schirm Firm with this acquisition,” said Sarah Hunter, Senior Vice President of Commercial Real Estate at Byline Bank. “Our familiarity with their team and investment approach allowed us to work efficiently together throughout the financing process and provide a solution aligned with their needs for Trotters Park.” 

“Byline was a trusted partner throughout the acquisition. Their team was responsive, solution-oriented and committed to helping us achieve our objectives,” said Bill Carey, Principal at The Schirm Firm.  

The property is centrally located in an infill pocket between downtown Columbus and The Ohio State University. A citywide walking and bike trail borders the property, providing a direct link between downtown, the university, and some of the most popular destinations in the city. 

The Byline Bank team on the transaction included Sarah Hunter, Mason Tittle, Matt Smith and Eric Estela. 

About Byline Commercial Real Estate Group 
Byline’s Commercial Real Estate Group (BCREG), headquartered in Chicago, provides first mortgage construction, bridge and permanent loans secured by properties in the Chicagoland area as well as nationwide for Tier One customers. Since 2014, BCREG has closed over $3.2 billion of loans for its target market, focusing on industrial (including deeply infill IOS) and multi-family (including student housing and active adult) properties. 

About Byline Bank 
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender. For more information, visit bylinebank.com.