Townhome Development Rendering

Client: A residential developer focused on urban infill townhome construction in Chicago and surrounding communities.

Transaction: Construction financing for a ground-up townhome development project in the Chicago metropolitan area.

Challenge: The developer had secured a well-located infill site with entitlements in place but needed a construction lender willing to finance a ground-up townhome development. Conventional lenders were not active in this product type at the time.

Opportunity: Sherpa Capital Group LLC evaluated the development plan, presales activity, and the borrower's track record. The project demonstrated strong demand fundamentals and the developer had meaningful equity committed to the transaction.

Action: Sherpa Capital Group LLC provided construction financing structured with multiple draws tied to project completion milestones. The borrower's exit strategy is to sell the completed townhome units to retail buyers.