Monarch Alternative Capital continues to grow its real estate debt investment platform with its recent financing of 808 N. Cleveland, a class A multifamily building located in downtown Chicago.
The transaction underscores Monarch’s continued activity in the commercial real estate debt market and illustrates its ability to provide strategic and flexible solutions that meet the evolving needs of property owners. Monarch has completed approximately 20 financing transactions of various property types during the past two years.
808 N. Cleveland is a 2023-vintage, luxury multifamily property in the River North submarket in Chicago. The property spans more than 190,000 square feet and offers 200 rental units with floor-to-ceiling windows, high-end appliances and upscale amenities, including a rooftop pool, co-working space, game room, and fitness center. In addition, the property features almost 30,000 square feet of commercial space that is more than 80 percent leased. The
