Brief
JLL Secures $332M to Refinance 76-Story Chicago Luxury MF Tower
JLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence. JLL represented the borrower,
Summary
JLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence.
JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Company.
JLL also arranged the mezzanine loan through PGIM’s real estate business....
Source
- Connect CREconnectcre.com
