Cantera Townhomes LLC Secures $25 Million Loan For Arden Townhomes In Warrenville, Illinois

The transaction involves a multifamily asset located at 28291-28417 Torch Parkway in Warrenville, Illinois. This newly constructed townhome community features 60 units designed for private living with shared luxury amenities. The financing secured for this property amounts to $25 million, comprising a senior loan and mezzanine financing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Address: 28291-28417 Torch Parkway
• Market: Warrenville
• Units: 60
• Lender: Argentic & Pearlmark
• Landlord: Cantera Townhomes LLC
• Broker: Trent Niederberger - JLL
• Loan Type: Senior & Mezzanine
• Senior Loan Amount: $20,000,000
• Mezzanine Loan Amount: $5,000,000

The financing was facilitated by JLL Capital Markets, representing the borrower, Cantera Townhomes LLC. This arrangement enables residents to benefit from a strategic location along major employment and transportation routes in the area.