Lionheart Strategic Management and Bank OZK Provide $215 Million in Funding to 601W Companies for Office Redevelopment in Chicago
Bank OZK (OZK)
Last bank ozk earnings: 4/23 04:01 pm
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Source: PR Newswire
The financing will be used to redevelop an office building at 801 South Canal Street in the expanding South Loop neighborhood of Chicago CHICAGO, Aug. 17, 2022 /PRNewswire/ -- Lionheart Strategic Management LLC (Lionheart), an affiliate of Fisher Brothers that manages capital on behalf of third party investors, announced today that it originated a $67.6 million investment in the form of a mezzanine loan and preferred equity on behalf of Milestone Asset Management. The investment sits behind a $147.5 million senior loan from Bank OZK and was provided to 601W Companies. The financing will be used to redevelop 801 South Canal Street into a modern and highly amenitized 700,000 square foot office building located near Union Station in the vibrant Southwest Loop neighborhood of Chicago, Illinois."As the West Loop neighborhood of Chicago continues to attract new companies and residents, we are thrilled to support 601W in their vision of redeveloping 801 South Canal Street and to further stre
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OZK
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- 4/17/24 - Beat
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- 5/10/24 - Form 13F-HR
- 2/13/24 - Form SC
- OZK's page on the SEC website