Lynd Group Receives $66M Refinancing for Multifamily Property in Willow Springs, Illinois

The Lynd Group Refinances Chicagoland MF With $66M Financing Package

The Lynd Group secured $66 million in refinancing for one of its rental communities, Willow Glen, in suburban Chicago.The refinancing repays the project’s construction loan and replaces it with a new financing package consisting of a $58 million Barclays-originated CMBS senior loan and an $8 million mezzanine loan provided by Ghisallo Capital, which retired the project’s government-backed bonds and simplified the capital stack.The 224-unit Willo…

Lynd Group Receives $66M Refinancing for Multifamily Property in Willow Springs, Illinois

WILLOW SPRINGS, ILL. — The Lynd Group has received $66 million in refinancing for Willow Glen, a 224-unit multifamily community in Willow Springs developed by Lynd Development in partnership with West Point Builders in 2023. The refinancing repays the project’s construction loan and replaces it with a new financing package consisting of a $58 million CMBS senior loan originated by Barclays and an $8 million mezzanine loan provided by Ghisallo Ca…

JLL Secures $61.75M Acquisition Financing for Fletcher Southlands Value-Add Opportunity in Aurora

JLL Capital Markets announced that it has secured a $61.75 million acquisition financing for Fletcher Southlands, a 320-unit multifamily property in Aurora, Colorado. JLL worked on behalf of the borrower, Kennedy Wilson, to originate the five-year, fixed-rate agency loan with a 0.96% spread and 65% loan-to-value ratio. The loan features a 35-year amortization schedule with […] The post JLL Secures $61.75M Acquisition Financing for Fletcher South…