Steve Fifield Of Fifield Companies Secures $24.75M Loan For Luxe On Madison In Chicago

Luxe on Madison is a 102-unit multifamily property located at 1222 West Madison Street in the Chicago market. The property has secured a refinancing loan amount of $24,750,000 with a five-year, fixed-rate structure. The loan from MetLife Investment Management is aimed at supporting the property's performance and its advantageous location within the Fulton Market District, which features both residential and retail offerings.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,750,000
• Loan Terms: five-year, fixed-rate
• Lender: MetLife Investment Management
• Landlord: Steve Fifield - Fifield Companies
• Brokers: Danny Kaufman, Mackenzie Jones & Mary Dooley - JLL
• Units: 102

JLL played a key role in arranging the refinancing for Luxe on Madison on behalf of Fifield Companies. The involvement of brokers Danny Kaufman, Mackenzie Jones, and Mary Dooley highlights the collaborative effort in securing the financing for this multifamily asset, emphasizing the importance of the deal in the Chicago real estate market.