Mission Capital Gets $44 M for Soho House

CHICAGO- Mission Capital Advisors, LLC announced yesterday that it had secured a $44.4 million construction loan to help develop Soho House in Chicago, the first venture in the city for the membership club, which already operates in New York, Miami, London, Berlin and other cities. The loan closed on May 1.

Mission Capital obtained the loan on behalf of a joint venture between Shapack Development and AJ Capital Partners, both of Chicago. The venture will transform an 117,000-square-foot former warehouse at 113 N. Green St. in the burgeoning Fulton Market District into a six-story, 40-room hotel with a Cowshed Spa, gym, restaurant and bar, rooftop pool, and a screening room, as well as Chicken Shop and Pizza East restaurants.