U.S. alternative investment manager Kawa is fundraising for a mezzanine loan to finance the purchase of a 29-story, 467,180-rentable-square-foot office building in downtown Chicago. The fundraising target is $17 million.
The loan will feature a 10-year term, an annual interest rate to participants of 8.5 percent, and will be secured by a pledge of the equity interests in the borrower, which would be the indirect owner of the property.
The minimum investment is $100,000. The commitment deadline is Jan. 20.
Founded in 2007, Kawa is a capital-solutions provider and independent-asset manager with about $1.8 billion in assets under management. Kawa’s capital-solutions arm focuses on real estate financing, including bridge lending, mezzanine financing, structured credit, net leased real estate equity, ground leases and credit tenant leases. Kawa also is active in structuring, purchasing and financing ground leases across the United States in various subsectors, incl