From Chicago Sun-Times · · 1m 10s
Rainforest Cafe owner ordered to pay $11.5m on loan
Chicago real estate investor Sean Conlon must repay $11.5 million after defaulting on Rainforest Cafe loan.
In brief
Chicago real estate investor Sean Conlon must repay $11.5 million after defaulting on Rainforest Cafe loan. Cook County judge ordered Rainforest Cafe owner Sean Conlon to pay $11,508,950 for failing to repay an $8.3 million bridge loan. Originally reported by Chicago Sun-Times.
Rainforest Cafe owner ordered to pay $11.5m
Cook County judge ordered Rainforest Cafe owner Sean Conlon to pay $11,508,950 after defaulting on a loan.
Loan default on River North property
Sean Conlon failed to repay $8.3 million bridge loan for Rainforest Cafe at 605 N. Clark St.
Loan terms and deadlines
Alecko Lending issued loan with Jan. 30, 2025 deadline, later extended to May 2025.
Conlon missed payment deadline
Conlon missed May 2025 deadline but was offered $99,204.83 by July 10.
No payment made
Conlon never paid the $99,204.83 offer by July 10 deadline.
Ongoing foreclosure lawsuit
Alecko Lending seeks to foreclose on Rainforest Cafe property over loan default.
Property purchase history
Conlon bought Rainforest Cafe site in 2015 for over $13 million.
Pot dispensary plans scrapped
Plans for pot dispensary at location were blocked by lawsuits.
Here's the gist
Cook County judge ordered Rainforest Cafe owner Sean Conlon to pay $11,508,950 for failing to repay an $8.3 million bridge loan.
