• Mag Mile Capital closed a USD 23.5 million permanent fixed-rate acquisition loan for the Homewood Suites by Hilton Chicago-Downtown.
• The financing supports a USD 29 million purchase of the 233-key property at 40 E. Grand Avenue in Chicago’s River North neighborhood.
• The loan includes a USD 3.3 million PIP holdback tied to a planned property improvement program.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mag Mile Capital Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605200852NEWSFILECNPR____20260520_298194_1) on May 20, 2026, and is solely responsible for the information contained therein.