For Intricate Financing, Developers Turn to Mortgage Advisers Who Go Above and Beyond

In February 2020, just weeks before the coronavirus pandemic gripped the U.S., Fox Valley Developers was thrown a curveball. 
The company was working to obtain financing for a new type of mixed-use development in Aurora, Illinois. The plan was to convert an abandoned, historically landmarked hospital campus in Aurora into a community for seniors and developmentally disabled adults when suddenly, the bank that was going to provide the construction loan backed out. 
“This was a very complex deal,” said Jack Cortese, vice president of D2 Capital Advisors, the transaction advisory division of the D2 Organization, a Philadelphia-based development and investment firm. “The bank…

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