Chicago, IL – [June 19, 2025] — Concord Summit Capital, LLC (“Concord Summit” or “CSC”) has arranged $25.14 million in bridge financing for The Archer, a 68-unit multifamily property located in Chicago’s prestigious Gold Coast neighborhood. The funding enabled an existing limited partner to acquire full control of the asset from the general partner and initiate a renovation of the remaining units.

Concord Summit’s Managing Director, Daniel Eidson, and Senior Analyst, Ben Applebaum, sourced the financing on behalf of the sponsor, YK Investments.

Located at 1211 N. LaSalle at the prominent intersection of Division and LaSalle, The Archer offers residents panoramic rooftop views and convenient access to top-tier dining, shopping and transit. The building features spacious one- and two-bedroom layouts with luxurious, custom finishes, positioning it as one of Chicago’s premier condo deconversion projects.

YK Investments is a veteran in Chicago’s multifamily market, having successfully deconverted thousands of condominium units. The firm has consistently partnered with institutional investors, international capital and high-net-worth family offices to implement value-add strategies and capitalize on the city’s persistent pricing inefficiencies.

“This was a unique opportunity where our client—an LP—was taking control of the asset from the GP,” said Eidson. “We structured a 100% LTC, non-recourse financing solution that recognized the equity already in place. The result was a zero cash-to-close execution, giving our client the ability to complete the renovation strategy and maximize value.”

For more information on Concord Summit Capital, visit ConcordSummit.com.