Byline Bank’s Commercial Real Estate Group has closed on a non-revolving line of credit for the acquisition of a 40-acre outdoor, multitenant storage site in Dallas-Fort Worth, Texas. The borrower is Texas-based Green Courte Partners, LLC.
This is the first loan Byline has provided to Green Courte Partners, a leader in airport parking in the Dallas-Fort Worth area.
“Industrial outdoor storage continues to be an attractive and growing sector within commercial real estate,” said Joanne Campanile, Senior Vice President for Byline’s Commercial Real Estate Group. “Byline looks forward to more opportunities to support Green Courte Partners’ growth in the supply chain market.”
About Byline Commercial Real Estate Group
Byline’s Commercial Real Estate Group (BCREG), headquartered in Chicago, provides first mortgage construction, bridge and permanent loans secured by properties in the Chicagoland area as well as nationwide for Tier One customers. Since 2014, BCREG has closed $2.4 billion of loans for its target market, focusing on multi-family (including student housing and active adult), industrial, self-storage and retail properties. For more information, visit www.bylinebank.com/commercial-real-estate.
About Byline Bancorp, Inc.
Headquartered in Chicago, Byline Bancorp, Inc. (NYSE: BY) is the parent company of Byline Bank, a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.4 billion in assets and operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services including small ticket equipment leasing solutions and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender. For more information, visit www.bylinebank.com.
