Increasing risk in the real estate market is scaring banks and lenders away from giving loans for new projects.
Banks are tightening requirements for any new loan for a major development in Chicago. In an interview with the Trib, Robert Horowitz, a partner at the major real estate lending firm Cooper Horowitz, Inc,
“To finance a supertall […]
Archive for September, 2007
Lenders shying away from new construction loans
Published by September 28th, 2007 in Chicago real estate.The Ritz-Carlton offers luxury condos in Chicago
Published by September 27th, 2007 in Chicago homes and Chicago real estate.The Ritz-Carlton, one of the most famous luxury hotel chains in the world, is offering luxury condos in the heart of Chicago.
The building, located on the Magnificent Mile, will have 86 condominiums in 40 floors. Buyers can choose from one-, two-, and three-bedroom units and several luxury penthouses.
Floor plans range from 1370 square feet to […]
The Ritz-Carlton offers luxury condos in Chicago
Published by September 27th, 2007 in Chicago homes and Chicago real estate.The Ritz-Carlton, one of the most famous luxury hotel chains in the world, is offering luxury condos in the heart of Chicago.
The building, located on the Magnificent Mile, will have 86 condominiums in 40 floors. Buyers can choose from one-, two-, and three-bedroom units and several luxury penthouses.
Floor plans range from 1370 square feet to […]