Hinshaw & Culbertson team arranges $120 million loan for former Trump International Hotel

, Daily Business Review


Steven Carlyle Cronig
Steven Carlyle Cronig

"That had no effect on the buyer whatsoever," Cronig said. "But doing the documentation for a $120 million construction loan is a considerable effort. When you're administering a construction loan of this size, there's a significant amount of checks and balances. There's people monitoring everything that happens."

Quote: "There were a lot of lawyers. There's so many moving parts to a transaction like this, it's always complicated," Cronig said.

Background:Cronig concentrates in commercial real estate development and lender representation, representing developers in acquisitions and dispositions of property. Pena, Zabludowski and Garcia also are partners, and Goodwyn is an associate.

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