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June 15, 2018  

Hines Team Eyes Loan on New Chicago Tower

Hines and Ivanhoe Cambridge are seeking a $435 million mortgage to pay off construction financing on a skyscraper they completed last year in Chicago’s West Loop.The Hines team prefers a term of 7-10 years and will consider fixed- and floating-rate proposals for the 1.1 million-square-foot River Point, at 444 West Lake Street, along the Chicago River. The requested leverage was described as about 55%, pegging the office building’s...

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