Good News in CRE: September

•This month the SBA opened the application portal for an increase in the COVID EIDL. Previously capped at $500,000, now businesses can apply for up to $2M in funding. The loans have a 30 year amortization with a 24 month deferment option and can be used to pay, or even prepay, commercial debt.

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Good News in CRE: August

Illinois is now accepting applications for the $250 million Back to Business grant. Businesses that have suffered economic hardship due to COVID-19 can now apply for a grant ranging from $5,000 to $150,000.

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Good News in CRE: May Recap

The former Maywood Park Racetrack has been repurposed as the Chariot Logistics Center with the name paying tribute to the racetrack where races were held until 2015. Approximately 42,000 tons of concrete were reclaimed from the site.

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