Financing was not completed until September 1, 1961, when it was announced that Continental Illinois National Bank and Trust Company would loan the project $5 million toward the $10 million office building. Construction of the office building would start the next month.

By obtaining from private investors the $17,819,100 mortgage for the residential towers, the project saved $800,000, according to Charles Swibel, himself a mortgage banker. This is because of a commitment by 19 financial institutions in the eastern U.S. to purchase the mortgage. They were originally to get a seven percent discount but because of the private investment this was lowered to three percent.

Participating in the union’s investment were the international union, Chicago Local 1, Local 32B in New York, and the union’s pension trust, which had headquarters on the west coast.

The group buying the mortgage was led by Institutional Securities Corporation.