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Byline Bank’s Commercial Real Estate Group has closed on a $3.25 million loan for the acquisition of a two-acre industrial outdoor storage (IOS) site in Ontario, California. The borrower is a joint venture between Ambient Capital Partners and their institutional equity partner.

The property is situated in Southern California’s Inland Empire, one of the largest industrial markets in the U.S., and will house a single tenant. This is the fifth loan Byline has provided to Ambient Capital Partners and their joint venture partner. Previous transactions have financed IOS properties in the Inland Empire, Miami and Dallas-Fort Worth markets.

“Industrial outdoor storage continues to be an attractive and growing sector within commercial real estate,” said Joanne Campanile, Senior Vice President for Byline’s Commercial Real Estate Group. “Byline has built a strong relationship with Ambient Capital Partners, and we are excited to support their growth in the supply chain market.”

“We’re thankful to have worked with Byline on several properties across the country and are impressed by their grasp of the quickly emerging IOS asset class. We remain excited by the investment outlook in the sector and look forward to growing our successful relationship with Byline,” said Patrick Hackett, Co-Founder of Ambient Capital Partners.

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 $2.4 billion of loans for its target market, focusing on multi-family (including student housing and active adult), industrial, self-storage and retail properties. For more information, visit

About Byline Bancorp, Inc.

Headquartered in Chicago, Byline Bancorp, Inc. (NYSE: BY) is the parent company of Byline Bank, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.4 billion in assets and operates 48 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 solutions, and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender. For more information, visit

About Ambient Capital Partners

Ambient Capital Partners invests in and operates Industrial Outdoor Storage (IOS) assets across the United States. The team is highly experienced in all facets of supply chain real estate, including acquisitions, portfolio management and capital markets. By bringing an institutional approach to the historically fragmented IOS market, Ambient Capital Partners delivers superior performance. For more information, visit