Red-Syndicate Finance announced its leadership in a $47 million Construction Loan for All Choice Builders, a distinguished Commercial Real Estate and investment firm in Chicago, Illinois.

The upcoming building will comprise two levels of retail space, with an additional 8 floors dedicated to office spaces. Remarkably, the project plan has generated interest from potential tenants willing to pay up to 50% of the proposed rent before the project's completion. The groundbreaking ceremony for this project took place on October 4, and the construction is expected to be finalized by 2026.

Chicago, the most populous city in the U.S. state of Illinois and the Midwestern United States boasts a population exceeding 2,746,388 individuals per the 2020 census. Home prices in Chicago saw a notable increase in August 2024, rising by 6.4% compared to the previous year, with a median selling price of $364K. Given the rapid escalation in Commercial Real Estate (CRE) value in Chicago, the development of this business center by All Choice Builders aims to cater to the growing demand from local businesses.

All Choice Builders has successfully developed approximately 316 properties across all 50 states, showcasing their commitment to excellence in the real estate sector.

Ottoman C, the Vice President of Finance at All Choice Builders, commended the Red-Syndicate Finance team for their outstanding advice and exceptional financial products. He highlighted the team's profound knowledge of the commercial real estate industry, along with their creativity, thoughtfulness, and meticulous attention to detail, which resulted in a superior execution of the transaction.