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Historic Chicago Building Secures $44.7 Million Loan for Conversion to 176 Market Rate Apartment Units

February 16, 2018

Walker & Dunlop announced that it arranged construction and permanent financing through the United States Department of Housing and Urban Development (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 is one of many projects intended to restore the Loop's old office buildings as apartment buildings.

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