Superior House
- Superior House is a 34-unit, 79,120 square foot luxury condo development in the River North neighborhood of downtown Chicago, IL.
- Tryperion provided mezzanine financing to Chicago-based Ascend Real Estate, an experienced luxury residential developer.
- Based on in-place presales, Tryperion’s position was anticipated to – and did – become almost unlevered upon construction completion.
Investment Highlights
- Tryperion’s position was taken out via a new condo inventory loan in November 2020.