CHICAGO, Ill., May 20, 2024 — Stratton Capital Group, a nationwide private lender specializing in commercial and multifamily financing, has provided $17.7 million in bridge financing to support the redevelopment of an affordable housing community in Chicago’s South Shore neighborhood. The financing was structured to help modernize and stabilize the 192-unit property, ensuring continued access to quality, affordable housing for local residents.

The loan will fund critical renovations to unit interiors, building systems, and common areas, as well as energy efficiency upgrades that align with the city’s broader housing revitalization goals. The property, which spans four mid-rise buildings, is located near key transit routes and community amenities, providing residents convenient access to schools, healthcare, and employment centers.

“We’re proud to play a part in preserving and improving Chicago’s affordable housing stock,” said David Jackson, Co-Chief Executive Officer of Stratton Capital Group. “Projects like this not only maintain affordability but also enhance livability for long-term residents in growing urban neighborhoods.”

The sponsor, a Chicago-based developer with a strong track record in workforce and affordable housing, is working closely with local housing agencies to ensure compliance with community preservation standards. The project will also introduce new green spaces, accessibility improvements, and modernized building features designed to enhance tenant well-being.

Stratton Capital Group’s affordable housing and bridge lending platform provides customized financing solutions nationwide, with loan sizes ranging from $5 million to $100 million for multifamily, mixed-use, and redevelopment projects.

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About Stratton Capital Group

Stratton Capital Group is a leading private lender providing bridge, construction, and structured financing solutions across the United States. With decades of combined real estate lending experience, Stratton is known for its speed, flexibility, and reliability — delivering capital that helps real estate investors and developers execute with confidence.