Finance N Illinois
NKF arranges $50 million in financing for acquisition of Edens Plaza in Wilmette

NKF arranges $50 million in financing for acquisition of Edens Plaza in Wilmette

Newmark Knight Frank (NKF) successfully arranged a $50,500,000 mortgage loan for the $71,900,00, off-market acquisition of the notable retail center, Edens Plaza, located in Wilmette, Illinois. Executive managing directors of NKF’s Chicago capital markets group, Ben Greazel and Joel Simmons, originated the loan on behalf of the borrower, Newport Capital Partners Fund II (Newport). Greazel and Simmons secured the financing through LoanCore Capital and represented Newport in the acquisition.

Finance Midwest

A big 2018 for Bellwether: More than $7 billion in estimated loan volume

Bellwether Enterprise Real Estate Capital LLC finished 2018 strong, with more than $7 billion in estimated loan volume and a servicing portfolio of $22.6 billion. This included the closing of more than 750 loans for commercial and multifamily properties in key markets across the United States. The total loan volume was a 17 percent increase from 2017, a sign of Bellwether Enterprise’s continued growth and potential.

Finance N Illinois
HFF arranges $62M in equity for West Chicago development

HFF arranges $62M in equity for West Chicago development

Holliday Fenoglio Fowler, L.P. (HFF) announced $61.88 million in joint venture equity for the development of 845 West Madison, a 586-unit, luxury multi-housing project in Chicago’s West Loop/Fulton Street submarket. The HFF team worked on behalf of the developers, Lendlease and The John Buck Company, to arrange the joint venture equity partnership with Intercontinental Real Estate Corporation.

Finance N Illinois
Maverick Commercial arranges construction loan for Pilsen co-living project

Maverick Commercial arranges construction loan for Pilsen co-living project

Maverick Commercial Mortgage, Inc. announced the funding of $17,000,000 in construction financing for a ground-up co-living development in Pilsen, the culturally rich neighborhood on Chicago’s West Side. The construction loan closed on November 20, 2018, has been funded by a regional bank and will finance the construction of the 223-bed property called Common Addams.

Finance N Illinois
HFF secures $27.5M in financing for Glenview multi-housing community

HFF secures $27.5M in financing for Glenview multi-housing community

Holliday Fenoglio Fowler, L.P. (HFF) has put together $27.5 million in financing for Valley Lo Tower II, a 112-unit, mid-rise multi-housing community in the northern Chicago suburb of Glenview, Illinois. HFF worked on behalf of The Marquette Companies and LEM Capital to secure the five-year, fixed-rate loan through Allstate Investments. Loan proceeds were used to acquire and substantially upgrade the boutique property.

Finance i Ohio
Western Row Corporate Campus

Bellwether closes $68 million of loans for Ohio deals in November

Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., closed $68.8 million in loans during the month of November for four deals: a central business district office building and a single- tenant office building in the Cincinnati area, and a retail shopping center and a big-box retail property in the Dayton area.