Funding loan notification of Multi-Family Housing Revenue Notes (Encuentro Square II Apartments), Series 2023A and 2023B
The Department of Finance in the City of Chicago outlined a $26,000,000 loan for Encuentro Square II Apartments, managed by Encuentro Square II LP, from BMO Harris Bank N.A. The loan is split into $5,130,000 (Series 2023A Note) and $20,300,000 (Series 2023B Note), with terms of 20 and 3 years respectively, starting June 30, 2023 and maturing on December 30, 2025, with a 17-year extension option.