FOR IMMEDIATE RELEASE
January 14, 2019
Byline Commercial Real Estate Group supports Antheus Capital in its refinance of Eleven Multi-family Buildings in Chicago, IL
CHICAGO, IL – Byline Bank’s Commercial Real Estate Group (“BCREG”) announced that it provided financing for a portfolio of properties located in Hyde Park consisting of 194 residential units. Byline was represented by Foley & Lardner.
This is the seventh transaction that Byline has financed for Antheus Capital and its affiliates. “When markets moved favorably for Borrowers in late 2018, Byline and Antheus collaborated quickly and seamlessly to complete the strategic refinancing. Byline closed the loan in 21 days, beating the borrower’s deadline by eight days,” said John M. Barkidjija, Executive Vice President of Byline’s Commercial Real Estate and Specialty Finance Group. “In addition to assisting Antheus, Byline was proud to satisfy its Community Reinvestment commitment by supporting the needs of workforce housing in the communities we serve. We are excited to support another Antheus transaction while furthering BCREG’s strategy of building lasting relationships with best-in-class sponsors.”
“We deeply value the relationship we have with Byline’s Commercial Real Estate Group. John’s leadership and expertise make Byline a valuable and strategic partner for our business. Byline was able to quickly and efficiently underwrite the properties and close the loan in record time.” said David Gefsky, a Principal of Antheus Capital.
About Byline Commercial Real Estate
Byline’s Commercial Real Estate Group (BCREG), headquartered in Chicago, IL, provides first mortgage loans secured by properties in the Chicagoland area as well as loans throughout the United States for Chicago based sponsors and other Byline customers. Since 2014, BCREG has closed over $900 million of loans for its target market, focusing on multi-family (including student housing), industrial, retail and office properties. For more information visit: www.bylinebank.com/commercial-real-estate.
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 $4.9 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top 10 Small Business Administration lenders in the United States.
For more information please contact:
John M. Barkidjija
Executive Vice President
Commercial Real Estate and Specialty Finance Byline Bank