Clark Street Capital to Sell $200 Million Chicago Portfolio

Clark Street Capital, a Chicago-based provider of asset management and advisory services, is marketing what it describes as a $200 million loan portfolio secured by high-quality multifamily, mixed-use, residential, commercial and land assets in the Chicago area. This portfolio is offered in eight diverse pools, arranged by property type and asset quality. Property types include two-to-four family properties, properties designed to house five or more families, mixed-use properties of various performance types, performing single-family residences and residential condominiums, sub- and nonperforming SFRs and condos, performing retail and office assets, subperforming and nonperforming retail and office assets, and residential and commercial development land. The company said full due diligence information is available electronically, with indicative bids due by Jan. 26. Final bidders will be selected on Jan. 27 with final bids due on Feb. 4 and a closing date scheduled for Feb. 10. It also said buyers will have access to succinct asset summary reports prepared by Clark Street Capital and Loan Workout Advisers LLC, recent site inspections, and appraisals for the vast majority of the assets.