Marx Financial secures financing for new 25,000 square foot brewery for Baderbräu Brewing Company in Chicago’s South Loop.

Marx Financial secures financing for new 25,000 square foot brewery for Baderbräu Brewing Company in Chicago’s South Loop.

Completes Complex Multi-Loan Commercial Transaction

PR Newswire

CHICAGO, Oct. 21, 2015 /PRNewswire-iReach/ — Marx Financial, Inc. (“Marx”) announced today that it has procured financing for Baderbräu Brewing Company’s flagship 25,000 square foot brewery in the South Loop of Chicago, IL. The transaction closed in October 2015.

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Marx worked exclusively for Baderbräu to secure the comprehensive, multi-loan financing package for a property located in the South Loop area of Chicago. Baderbräu, a revitalized craft brewer that was originally established in the 1980s, has been subcontracting its production to an out-of-state brewery for the past three years. As the company’s sales increased rapidly, it ramped up external production to meet demand. However in 2015, with demand at an all-time high, the craft brewer decided to construct its own brewery, bringing production in-house, in a new South Loop location. Once completed and fully operational, the brewery will produce up to 50,000 barrels of beer per year.

The brewery, located at 2515 S. Wabash, in the former CF Connelly Building adjacent to I-55 and Mercy Hospital, will feature a 4,500 square foot, state-of-the-art, industrial chic taproom, and will be open to the public seven days a week. Within walking distance from McCormick Place, Soldier Field and the Green Line el station, the brewery is a perfect game-day destination for craft beer lovers and Chicago sports fans.

Marx Financial organized a complex, multi-instrument financial transaction for Baderbräu, which included equipment funding, working capital, refinancing of existing debt, and infrastructural and renovation financing. Marx brought together both traditional lenders and a Chicago SBIF Grant, for repairing or rehabilitating facilities within specific TIF districts.

Rob Sama, president of Baderbräu, commented, “It was a tough deal with five different lending sources involved. So quite a few moving parts, and they got it done.” Marx was able to secure a competitive interest rate, maximum leverage, a 16-year fixed term loan for infrastructure build out, equipment, and working capital for the newly leased South Loop Chicago location. Sama added, “Aside from organizing the financing, Marx also provided guidance in the complex and difficult permit and zoning processes. This was critical to the success of this deal.”

Construction work commenced on October 16th, with an opening date scheduled for Q1 2016.

About Marx Financial, Inc.

Marx Financial Corporation is a full service commercial lending and advisory company, based in Chicago, that specializes in providing the best commercial financing solutions to a wide range of clients. Marx’s capabilities extend across the capital stack including owner-occupied, and investor real estate finance, long and short term bridge loans, and working capital and long term CMBS solutions for infrastructural rehabilitation and equipment. With in-house financing capabilities and over 70 different global liquidity avenues, Marx possesses the ability to source the best rates and terms for its borrowers and clients. For more information please visit www.marxfinancial.com.

About Baderbräu Brewing Company

Revitalized in 2012, Baderbräu Brewing Company is known for its Chicago Pilsener, as well as seasonal varietals like Lawnmower Lager, Naked Selfie, Oktoberfest, and Red Velvet. Founded by longtime home brewer Rob Sama, Baderbräu Brewing Company continues to evolve and expand its name in the Chicagoland area. Baderbräu Brewing Company’s headquarters is a 25,000 square-foot brewery located in Chicago’s South Loop neighborhood that will open in the winter 2016. Recent and notable awards include: Chicagoist’s “Beer of the Week” for Naked Selfie and Lawnmower Lager, as well as the winner for “People’s Choice Award” at Lisle Ale Fest. For more information please visit www.Baderbräu.com.

Media Contact: Chris Gasiorek, MarX Financial Inc, (312) 361-3533 x 1, chrisg@marxfinancial.com

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SOURCE MarX Financial Inc

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