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Baderbräu Brewing secures financing for Chicago brewery

October 26, 2015Chris Crowell

Baderbräu Brewery

Marx Financial announced that it has procured financing for Baderbräu Brewing Co.’s flagship 25,000-square-foot brewery in the South Loop of Chicago. The transaction closed in October 2015.

RELATED: Baderbräu Brewing hires head brewmaster, previously from Lagunitas

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 bbls 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.

“It was a tough deal with five different lending sources involved,” said Rob Sama, president of Baderbräu. “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.

“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,” Sama said.

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

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  1. Jay Michalowski says

    October 30, 2015 at 8:07 pm

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  2. Jay Michalowski says

    October 28, 2015 at 8:14 pm

    This place will be the best brewery in Chicago when completed.! Love the neighborhood and so close to soldier field and McCormick place. Awesome.

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  3. Scott Tucker says

    October 27, 2015 at 7:51 pm

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  4. SullivanDay Construction says

    October 26, 2015 at 11:22 pm

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  5. John E Bittermann says

    October 26, 2015 at 5:21 pm

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  6. Pilot Malt House says

    October 26, 2015 at 3:21 pm

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  7. Beall Brewery Insurance says

    October 26, 2015 at 3:21 pm

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  8. Jerry Elliott says

    October 26, 2015 at 2:36 pm

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  9. crsimp01 says

    October 26, 2015 at 2:26 pm

    Baderbräu Brewing secures financing for Chicago brewery https://t.co/pNN4esyNFc via @craftbrewingbiz

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