Built Development Secures $33M Loan For Little Italy Multifamily Property

Located in the vibrant neighborhood of Little Italy, the multifamily property at 915 W. Grape St. has recently been involved in a closed transaction. Developed by Built Development, this property spans approximately 63,500 square feet and comprises 70 residential units. The transaction took place on 04/19/2022, when a loan of $33,000,000 was secured for this asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,000,000
• Address: 915 W. Grape St.
• Market: Little Italy
• Square Footage: 63,500
• Units: 70

Represented by the brokers from JLL Capital Markets, Jeff Sause, Christopher Collins, and Chad Morgan played a crucial role in facilitating this transaction. Their expertise in the market and their agency's strong reputation contributed to the success of the deal.