{"id":1004279522,"date":"2018-11-16T03:33:10","date_gmt":"2018-11-16T11:33:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004279522"},"modified":"2022-12-08T20:05:11","modified_gmt":"2022-12-09T04:05:11","slug":"mission-capital-arranges-13m-loan-for-chicago-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/","title":{"rendered":"Mission Capital Arranges $13M Loan for Chicago Retail Asset"},"content":{"rendered":"<div id=\"attachment_1004279525\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004279525\" data-attachment-id=\"1004279525\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/110-pearson-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"110 Pearson St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;110 Pearson St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg?w=800\" class=\"wp-image-1004279525 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004279525\" class=\"wp-caption-text\">110 Pearson St.<\/p><\/div>\n<p>Mission Capital Advisors has arranged a $13 million floating-rate financing for a retail property is part of the Magnificent Mile, Chicago&#8217;s most vibrant shopping district. The owner, an affiliate of the Sterling Organization, will use the loan to recapitalize the vacant asset. Jonathan More, Alex Draganiuk, Lexington Henn and Justin Hunt of Mission Capital secured the floating-rate financing from Thorofare Capital.<\/p>\n<p>The property is located at 110 E. Pearson St. and used to host the Bar Toma, which closed in 2017. It consists of 7,303 square feet of retail space on the ground floor and 1,789 square feet on the mezzanine level. According to <em>Crain\u2019s Chicago<\/em>, the Sterling Organization fund bought the asset in the spring of 2018 for $15.1 million.<\/p>\n<p>According to Mission Capital, vacancies in the Magnificent Mile <a href=\"https:\/\/www.commercialsearch.com\/news\/apple-opens-new-flagship-store-in-chicago\/\">have decreased<\/a> during the last quarters, while rents have grown by approximately 7 percent, which highlights the property\u2019s potential.<\/p>\n<p><em>Image courtesy of Mission Capital Advisors \u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The owner, an affiliate of the Sterling Organization, will use the financing to recapitalize the vacant property, which is part of the Magnificent Mile. <\/p>\n","protected":false},"author":242,"featured_media":1004279525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21825,13,21742,21749],"tags":[34876,36215,35199],"class_list":["post-1004279522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-finance","category-midwest","category-latest","category-retail","tag-mission-capital-advisors","tag-sterling-organization","tag-thorofare-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mission Capital Arranges $13M Loan for Chicago Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mission Capital Arranges $13M Loan for Chicago Retail Asset\" \/>\n<meta property=\"og:description\" content=\"The owner, an affiliate of the Sterling Organization, will use the financing to recapitalize the vacant property, which is part of the Magnificent Mile.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-16T11:33:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:05:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/\",\"name\":\"Mission Capital Arranges $13M Loan for Chicago Retail Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\",\"datePublished\":\"2018-11-16T11:33:10+00:00\",\"dateModified\":\"2022-12-09T04:05:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/94dbd38faeeb26b4b597d7fbd793c52a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg\",\"width\":800,\"height\":620,\"caption\":\"110 Pearson St.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mission Capital Arranges $13M Loan for Chicago Retail Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/94dbd38faeeb26b4b597d7fbd793c52a\",\"name\":\"Roxana Baiceanu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3b53ac30b1c6182291aa4706b8e0e2889ea9ece466565b0ba600114a3c88925f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3b53ac30b1c6182291aa4706b8e0e2889ea9ece466565b0ba600114a3c88925f?s=96&d=mm&r=g\",\"caption\":\"Roxana Baiceanu\"},\"description\":\"Roxana Baiceanu covers real estate trends, extraordinary homes, and the latest real estate news. In her spare time she likes to read and watch TED videoclips.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/roxanabaiceanu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mission Capital Arranges $13M Loan for Chicago Retail Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/","og_locale":"en_US","og_type":"article","og_title":"Mission Capital Arranges $13M Loan for Chicago Retail Asset","og_description":"The owner, an affiliate of the Sterling Organization, will use the financing to recapitalize the vacant property, which is part of the Magnificent Mile.","og_url":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-11-16T11:33:10+00:00","article_modified_time":"2022-12-09T04:05:11+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg","type":"image\/jpeg"}],"author":"Roxana Baiceanu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/","name":"Mission Capital Arranges $13M Loan for Chicago Retail Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg","datePublished":"2018-11-16T11:33:10+00:00","dateModified":"2022-12-09T04:05:11+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/94dbd38faeeb26b4b597d7fbd793c52a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg","width":800,"height":620,"caption":"110 Pearson St."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/mission-capital-arranges-13m-loan-for-chicago-retail-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Mission Capital Arranges $13M Loan for Chicago Retail Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/94dbd38faeeb26b4b597d7fbd793c52a","name":"Roxana Baiceanu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3b53ac30b1c6182291aa4706b8e0e2889ea9ece466565b0ba600114a3c88925f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3b53ac30b1c6182291aa4706b8e0e2889ea9ece466565b0ba600114a3c88925f?s=96&d=mm&r=g","caption":"Roxana Baiceanu"},"description":"Roxana Baiceanu covers real estate trends, extraordinary homes, and the latest real estate news. In her spare time she likes to read and watch TED videoclips.","url":"https:\/\/www.commercialsearch.com\/news\/author\/roxanabaiceanu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/110-Pearson-St.-.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004279522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/242"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004279522"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004279522\/revisions"}],"predecessor-version":[{"id":1004567534,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004279522\/revisions\/1004567534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004279525"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004279522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004279522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004279522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}