Byline Bank is pleased to announce it has provided $11 million in financing to a joint venture of Integris Ventures and Starlight Equity Partners. Proceeds were used to acquire a three-building, 157,000-square-foot flex office and industrial portfolio in Lisle, Illinois.
After acquisition, the sponsors will begin several capital improvement projects and market available space for lease to prospective tenants to stabilize the portfolio. This is the second project the bank has partnered on with the sponsors.
“Byline is excited about the opportunity to grow this relationship and continue supporting investments for Integris Ventures and Starlight Equity Partners,” said Matt Robertson, SVP, Commercial Real Estate Team Lead for Byline Bank.
About Byline Commercial Real Estate
Byline Commercial Real Estate, headquartered in Chicago, 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, the Byline Bank Commercial Real Estate group has worked hard to close loans for its target market, focusing on industrial, multifamily (including student housing) and office properties (including medical offices). For more information, visit www.bylinebank.com/commercial-real-estate.
About Integris Ventures LLC
Integris is a St. Louis-based commercial real estate investment firm specializing in retail and office properties throughout the Midwest. With over 60 years of combined experience as an owner and operator, Integris has developed a resilient and diversified investment strategy providing consistent returns to investors through dividend income and asset appreciation. As a product of its progressive investment strategy and hands-on management, Integris has developed a national reputation of excellence in commercial real estate. Integris currently owns and operates over $150 million of real estate in six states.
About Starlight Equity Partners LLC
Founded in 2011, Starlight is a real estate investment firm that specializes in opportunistic investments, primarily in multifamily, industrial and office assets. Starlight focuses on acquisitions across a broad range of geographic markets throughout the Midwest and East Coast. Taking an entrepreneurial approach to real estate investments, the company’s core thesis is to find value in assets and areas that are often overlooked by institutional investors. Since its inception, Starlight has been involved in over $350 million of real estate transactions.