Chicago Condo Directory

October 5, 2009 - More Chicago real estate developers are either teaming up with lenders to offer mortgages at reduced rates or making the offer on their own to boost condo sales. The Brixton Group is one of those developers taking the initiative and right now they are partnering with MB Financial Bank and advertising 95% LTV financing at CA23 for buyers who qualify.

MB has been offering interest rates of as low as 3.875% on 30 year loans with a 20% down payment and 4.375% on 30 year mortgages with a 5% down payment.

CA23 is located on 23 North Aberdeen in the West Loop and will have a total of 48 condos with two to four bedroom layouts. Phase one is nearly sold out, but there are still a few units available. Prices on these condos run from the mid $640,000s and can exceed $1.45 million.

Unit features include hardwood flooring, carpeted bedrooms and natural stone in the kitchen and baths. TGI Premiere cabinets with stone counter and vanity tops, Fisher & Paykel appliances and Grohe and Toto faucets and fixtures are installed. Kitchens come with a stainless steel sink and baths have a white porcelain sink.

Ceiling heights at the CA23 condos are pretty impressive, ranging from 11′ to 22′. The units measure from around 1,900 to 4,000 square feet. Another unique feature is that every condo has private elevator access.

If you’re worried about financing, you may want to check out what CA23 has to offer. And you also may want to check into the growing number of Condos In Chicago that have gotten FHA approval, which would mean a low down payment and interest rate if you qualify.

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