Transactions - Multi-Unit Residential

Maple Tower Condominiums
Chicago, Illinois

Situated within Chicago's famous "Gold Coast," construction financing of $25,883,000 has been arranged for a 19-story building that will include 23 deluxe condominium units arranged as one or two units per floor between Floors 4 and 23. There will be approximately 4,000 square feet of first floor commercial space and ample indoor garage parking.

The Portofino
Phoenix, Arizona

A $9,600,000 non-recourse mezzanine loan was negotiated for this property, which created total financing in excess of 95% of total project costs. The existing 440-unit rental apartment community was converted to condominium by new ownership.

Westwood Pines Apartments
Columbus, Indiana

Permanent fixed rate, non-recourse financing of $11,840,000 was negotiated for this 202-unit rental apartment community. The property consists of one, two, and three-bedroom units within thirteen 2 and 3-story buildings on a 16-acre site.

601 South Wells Street (Land Loan)
Chicago, Illinois

Non-recourse mezzanine financing of $14,500,000 created a total financing package in excess of 98% of all-in costs. Upon completion, this development will contain 240-unit deluxe residential condominium units in the near South Loop.

1000 South Michigan Avenue (Land Loan)
Chicago, Illinois

Eighty percent loan-to-cost financing of $22,450,000 was arranged for this location, which will be the site of a development that will include a proposed 376-unit condominium project.

Racine & Monroe Condominiums
Chicago, Illinois

Construction financing in the amount of $32 million was placed on this development in Chicago's popular "River West" neighborhood. The 8-story structure contains 137 luxury condominiums. Retail space is located on the ground level of the building.

Harbor Pointe Apartments
Milwaukee, Wisconsin

Both non-recourse senior debt and mezzanine financing totaling $28,500,000 was arranged for this 595-unit rental apartment property. The property consists of 41 two and three-story buildings set on a total of 38 acres. Amenities include a 35,000 square foot clubhouse and fitness center, and indoor swimming pool, tennis courts, a jogging path, and 42 acres of lake.

1111 South Wabash Avenue
Chicago, Illinois

A total of $69,919,000 in construction, mezzanine, and equity financing was arranged for this 34-story, 247-unit high-rise condominium. Amenities include a rooftop fitness center, an outdoor swimming pool and sundeck, and a business conference center.

Moore Court Apartments
Grayslake, Illinois

Permanent non-recourse financing of $5,750,000 was placed on this rental apartment community. The site includes 100 one, two, and three-bedroom units in 11 two and three-story buildings, all set on an approximate 6.8-acre land parcel.

Town & Country Apartments
Urbana, Illinois

A $25,200,000 non-recourse first mortgage was placed on this 618-unit rental apartment complex. Amenities include a separate clubhouse and fitness center, four in-ground swimming pools, tennis courts, basketball courts, jogging paths, and picnic areas.

Ambassador West Hotel
Chicago, Illinois

Both senior debt and mezzanine non-recourse financing totaling $46,125,000 was arranged for this 37-unit condominium conversion in the heart of Chicago's "Gold Coast." The 12-story building has a vintage 1920's façade that was maintained in the renovation.