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Bank Aims to Lend $300 Mil By End of Year

CHICAGO-Builders Bank's Chairman and CEO Michael Winter is aiming to loan $300 million to entrepreneurial real estate developers before year's end. He ran a $1-billion portfolio at First Bank/Illinois.

By Mark Ruda | Updated on June 12, 2001

CHICAGO-Builders Bank is aiming to loan $300 million before the end of this year to entrepreneurial real estate developers. The Downtown bank’s commercial real estate emphasis will be on bridge loans, assets in transition, special property types and borrowers with unusual financing needs looking for $1 million to $20 million in financing.

The goal follows the naming of Michael Winter, former president of First Bank/Illinois, as chairman and CEO earlier this year. He was in charge of the bank’s real estate loan portfolio of more than $1 billion.

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