Commercial
$2MM+
At Armitage Street, our Commercial Loan Program helps developers and investors tackle large-scale real estate projects. Whether you’re building multifamily, condominiums, or mixed-use developments, we offer flexible financing starting at $2MM.
No Appraisal Required
We do not require an appraisal to close
Local Balance Sheet Lender
We do not sell your loan
Lending Parameters
Parameter
Terms
Asset Type
Multifamily, Condominium and Mixed-Use
Bridge & Cash-Out
Up to 75% LTC
Up to 70% LTV
Construction
(Value-Add, Gut Renovation and Ground-Up)
Up to 80% LTC
Up to 65% LTV
Recent Projects
Bucktown
$8.5MMM
Chicago, IL
|
Mixed-Use Condo
Condo Conversion
Glenview
$18.7MM
Glenview, IL
|
Townhome
Ground-Up Construction
Lincoln Square
$8.3MM
Chicago, IL
|
Mixed-Use Condo
Ground-Up Construction
West Town
$6.9MM
Chicago, IL
|
Mixed-Use Condo
Ground-Up Construction
Edgewater
$12.5MM
Chicago, IL
|
Mixed-Use Condo
Ground-Up Construction
Avondale
$2.1MM
Chicago, IL
|
Mixed-Use Multifamily
Gut Renovation
West Loop
$3.0MM
Chicago, IL
|
Office
Cash-Out Refinance
Lincoln Park
$2.5MM
Chicago, IL
|
Multifamily
Ground-Up Construction
West Loop
$6.6MM
Chicago, IL
|
Multifamily
Adaptive Reuse
West Ridge
$2.0MM
Chicago, IL
|
Multifamily
Value-Add Renovation
East Town
$8.0MM
Milwaukee, WI
|
Multifamily
Adaptive Reuse
Lincoln Park
$4.5MM
Chicago, IL
|
Office
Bridge
Wheeling
$2.2MM
Wheeling, IL
|
Multifamily
Bridge
Hyde Park
$2.3MM
Chicago, IL
|
Condos
Ground-Up Construction
Washington Park
$2.0MM
Milwaukee, WI
|
Multifamily
Bridge
