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Community Investment Corporation (CIC)

222 S. Riverside Plaza Ste. 380
Chicago, IL 60606
(312)258-0070
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Special Offer

Mezzanine Debt (Opportunity Investment Fund)
CIC now offers low-cost mezzanine debt for rental buildings in high-cost markets. To get started, call (312) 258-0070 and speak with a CIC loan officer. Product Highlights* Up to 90% combined loan to value 10 year, interest-only loan (for mezzanine debt) 7.5% interest rate No prepayment penalty Maintain affordability in 20% of the units for a 15-year term, and can use available rental subsidies for the affordable units Available in the City of Chicago and suburbs Available to both for-profit and non-profit developers * Above terms represent a typical mezzanine debt/OIF loan. Please talk to a CIC loan officer to discuss specific terms This financing tool is intended for the purchase of existing, functioning rental buildings in high-cost Chicago markets. Owners could also refinance their existing portfolio if they enter into the minimum 15-year affordability. To contact a CIC loan officer, call (312) 258-0070 or email rosamond.meerdink@cicchicago.com.
Areas of Expertise Banking & Loan Services, Commercial Real Estate Loans & Mortgages, Lender & Training