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Gorman Lands $22M Refi for CO Asset

October 23, 2017

Carolyn McMullen and Kyle Peterson led Walker & Dunlop’s team in arranging construction and permanent financing through HUD in the amount of $44,685,300 for 30 East Adams in Chicago, Illinois. Built in 1926 and known to locals as the old Hartman Building, the historic property is home to the iconic Miller’s Pub in the heart of the Chicago Loop. The loan enables the adaptive reuse of the office building into 176 market rate multifamily units with ground level retail. This transaction was the first ever mixed-use project to receive benefits through HUD’s green mortgage insurance premium.

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