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Knighthead Funding Refis Chicago-Area Apartments With $32M Loan

The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned. Knighthead Funding supplied the loan for the 62-uni

Knighthead Funding Refis Chicago-Area Apartments With $32M Loan
Photo: Commercial Observer

Summary

The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned.

Knighthead Funding supplied the loan for the 62-unit the Drake Group’s Cerca property in Glenview, Ill.

, that opened in June. The debt refinances a previous construction facility and pays off the property’s […]

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