Aries Closes on Multifamily Properties

CHICAGO, IL- Aries Capital, LLC, just announced that they have closed on two loans for multifamily properties in Chicago. The first, for $2.56 million, was for the acquisition of 4712 N. Racine Ave. in the city’s Uptown neighborhood. The building has 43 residential units and two retail units.

Aries’ Vice President Eric Jones, of the firm’s Chicago office, handled the loan for owner Andrew Niewiarowski, the new president of Lincoln Park Builders of Chicago. This is the second property that Aries has financed for Niewiarowski, who currently owns and operates 323 units in Illinois and Florida.