Nautilus Investments was founded by Sandeep and Carolyn Sood in 2007. With a portfolio of roughly 190 units, the majority of which are located in the South Shore neighborhood, the Sood’s were looking to expand and purchase property in Hyde Park. The added equity from CIC’s Mezzanine Debt loan product enabled the Sood’s to purchase their first property in this community, which has a higher market cost than other South Side areas in which they have invested over the past decade.
Hyde Park is home to the Museum of Science and Industry, the University of Chicago, and just a few blocks north of the planned site of the Obama Presidential Library. In addition to its rich culture and proximity to popular locations, Hyde Park has substantial new retail development, great transit, and lakefront access. This purchase, made possible by CIC’s Mezzanine Debt, was a great opportunity to support the growth of a local, responsible real estate investment team, while at the same time preserving thirteen affordable rental units in a historic neighborhood that could have been otherwise lost to the high-cost market.
Contact CIC today to see how we can make your next deal a success using our flexible Mezzanine Debt, now with a new lower interest rate!
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