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Illinois

Multifamily

Focus, Melrose Ascension Capital, DAC JV close on $96M construction loan for 19-story, 287-unit Fulton Market project at 1221 W Washington Blvd

9/15/2025

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• Subcategory: Capital Markets: Debt, Capital Markets: Equity, MF: Market Rate

• Tag: Closing | JV-Partnership | New Construction

• Additional Filters-Subcategory: Capital Markets: Debt-Construction Loan, Capital Markets: Preferred Equity, MF: Highrise

• Company: Heitman, Melrose Ascension Capital (MAC), DAC Developments, CIBC Bank USA, Focus Development

DAC Developments

Adam Rezko | Managing Partner

[email protected]

Melrose Ascension Capital (MAC)

Lou Reynolds | Co-GP Platform Partner & Guarantor

[email protected]

Heitman

Gordon Black | Senior Managing Director, Private Equity, Core-Plus Platform

[email protected]

Focus Development

Justin Pelej | EVP, Development + Principal

[email protected]