Lender Sues to Foreclose on $236M Loan at 35 West Wacker
A lender has sued to foreclose on a $236M loan tied to 35 West Wacker in the Loop, per The Real Deal and Crain's. The Clerk shows a 2022 mortgage to Unify.
- Source Briefing
- Public record
- Also reported by The Real Deal Chicago
A lender has filed suit in Cook County to foreclose on a $236 million loan tied to 35 West Wacker Drive, a Loop office tower, according to reports from The Real Deal and Crain’s Chicago Business dated Nov. 5, 2026. The outlets identify the plaintiff as CommunityAmerica Credit Union, suing as successor to Unify Financial Credit Union.
Why it matters
Loop office towers continue to move from owner to lender, and a credit union is an unusual name on a loan of this size. This is an attributed brief: the filing itself and its Chancery case number were not yet available to us, so the suit’s terms below are as reported, not read from the complaint.
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The numbers
The $236 million is the amount the reports say the lender claims is due. We have not seen the complaint and cannot say how that total divides between principal, interest and fees.
The part we sourced ourselves is the loan’s paper trail. The Cook County Clerk’s recording index lists a 2022 mortgage on the parcel (PIN 17-09-426-032-0000), document 2206217027, running from the owning entity to Unify Financial Credit Union. That matches the reported chain: the plaintiff is described as having taken the loan over as Unify’s successor. Crain’s describes the building as a 50-story Wacker Drive tower.
What’s next
The first things to watch are the Chancery case number and the complaint, which should show the original loan balance, the default alleged and whether the lender asks for a receiver. We will update this brief when the filing is available and we have compared it with the 2022 mortgage.
ON THE RECORD: The suit, the plaintiff, the $236 million figure and the building description are from The Real Deal and Crain’s (Nov. 5, 2026). The 2022 mortgage is a Cook County Clerk recording. The Chancery case number was not yet available to us.
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Quick answers
- What is the latest on 35 West Wacker Drive?
- A lender has sued to foreclose on a $236M loan tied to 35 West Wacker in the Loop, per The Real Deal and Crain's. The Clerk shows a 2022 mortgage to Unify.
- Who is developing 35 West Wacker Drive?
- CommunityAmerica Credit Union and Unify Financial Credit Union, according to The Real Deal Chicago.
- What are the key numbers for 35 West Wacker Drive?
- claimed due: $236M; mortgage year: 2022.
On the record
A 2022 mortgage on 35 W. Wacker (PIN 17-09-426-032-0000), Clerk document 2206217027, runs from the owning entity to Unify Financial Credit Union, the lender whose loan the plaintiff is reported to have inherited.
Public record · crs.cookcountyclerkil.gov
Also reported by
- The Real Deal Chicago35 West Wacker faces $236M foreclosure suit
- Crain's Chicago BusinessWacker Drive office landlord hit with $236M foreclosure suit