Byline Bank’s Commercial Real Estate Group (BCREG) announced the closure of $19.1 million in financing for six industrial properties for VK Industrial Holdings VI, LLC, an acquisition fund formed through a partnership between Venture One Real Estate and Kovitz Investment Group.
VK Industrial Holdings VI, LLC’s substantial financing is for six largely stabilized industrial warehouse properties located in the bustling markets of Chicagoland and New Jersey — both vital hubs for industrial activity. This is the third deal Venture One has executed with Byline Bank.
“We are happy to support Venture One Real Estate and Kovitz Investment Group in this transaction, which continues BCREG’s strategy of building lasting relationships with best-in-class real estate investors and developers,” says Sarah Hunter, Senior Vice President of Commercial Real Estate for Byline Bank.
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 multifamily (including student housing and active adult), industrial, self-storage and retail properties.
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 $9.6 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.
