Matt Lebenson of Wool Finance Partners has arranged a $25 million Construction Line of Credit for a local single family home developer.  The loan was originated to develop 27 luxury, single family homes scattered throughout Chicago’s Northside Neighborhoods.  Sales prices are estimated to range from $1,000,000-$3,000,000.  The lender, a regional bank Lebenson has placed multiple loans with, underwrote the loan based upon the quality of subject property sites and the developer’s in-house construction platform that includes a suite of services for end buyers.  The financing provided a warehouse line of credit for a term of 24 months with pricing at Prime plus 0.75% and limited recourse.