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Chicago & Midwest  + Chicago  + Greater Chicagoland  + Illinois  + Industrial  | 

Byline Provides $10M to Brennan for Industrial Building Acquisition

Byline Bank’s Commercial Real Estate Group (BCREG) closed $10.4 million in financing for a 263,000-square-foot industrial building on 18 acres located in Cincinnati, Ohio. The borrower is an affiliate of Chicago-based Brennan Investment Group.

Byline was represented by the law firm Duane Morris. This loan represents the ninth transaction that Byline has financed for Brennan Investment Group and its affiliates.

“With turbulent debt markets, Brennan turned to Byline to provide short-term acquisition financing. Byline was able to close the loan within the borrower’s tight timeframe,” said John Barkidjija, executive vice president of BCREG. “We are excited to support another Brennan transaction while furthering BCREG’s strategy of building lasting relationships with best-in-class sponsors.”

Headquartered in Chicago, BCREG provides first mortgage construction, bridge and permanent loans secured by properties in the Chicagoland area and nationwide. Brennan also recently acquired seven buildings in Wood Dale, Illinois in Chicago’s O’Hare submarket.

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.


Inside The Story

Byline Bank Commercial Real Estate GroupDuane MorrisBrennan Investment Group

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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