Pangea Mortgage Capital Funds $1.

0 Million Construction Loan

Pangea Mortgage Capital (PMC) Closes $1.0 Million Deal

Chicago, IL, September 06, 2017 --(PR.com)-- Pangea Mortgage Capital (PMC) is pleased to
announce the closing of a $1.0 million loan to finance the construction of two condominium units located
in Chicago's Lakeview neighborhood.

On August 8, 2017, PMC closed a construction loan in less than 20 business days from term sheet
signing. The loan is fixed rate and interest only. The loan is collateralized by the condominiums, which
are near completion.

The property is located in Lakeview, just one block from Belmont Harbor.

The arrangement of the loan included complexities of loan payoffs and maturities, interest reserves,
construction budgets and a compressed timeline.

Our clients needed certainty of close and a partner to help bring the project to completion, said Scott
Larson, Vice President and Group Head at PMC. We believe the condominiums excellent build quality,
combined with great location will be highly attractive to potential buyers.

About Pangea Mortgage Capital:

Pangea Mortgage Capital is a nationwide commercial lender headquartered in Chicago, Illinois. PMC
provides financing on real estate backed assets, with loan sizes between $1 million and $25 million. The
Company is a subsidiary of Pangea Properties, a national multi-family housing owner with over 13,000
units. It is PMC's mission to serve lower-middle market real estate investors, owners and operators by
unlocking value through creative transactions. To learn more about the Company, please visit
www.pangeamortgage.com.

To discuss any potential financing opportunities, please call (312) 489-8108 or email
inquiries@pangeamortgage.com.

Page 1/2
PR.com Press Release Distribution Terms of Use
Contact Information:
Pangea Properties
Mariah Cowan
312-924-5745 ext. 248
Contact via Email

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/728937

News Image:

Page 2/2
PR.com Press Release Distribution Terms of Use