JLL Secures $113.75M Freddie Mac Loan For K2 Apartments Multifamily In Chicago's West Loop

K2 Apartments is a multifamily asset located at 365 North Halsted Street in Chicago's West Loop. This property comprises 496 units in a Class-A high-rise format. Owned by the Georgetown Company, the building was constructed in 2013 and offers luxury amenities positioned in the rapidly growing Fulton Market District.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $113,750,000
• Lender: Freddie Mac
• Landlord: Adam Flatto - Georgetown Company
• Broker Representatives: Danny Kaufman, Medina Spiodic & Rebecca Brielmaier - JLL
• Loan Terms: seven-year, fixed-rate loan

This transaction was brokered by JLL, showcasing their role in securing a significant Freddie Mac loan for the property. The loan reflects the increasing interest in multifamily housing and the competitive advantage of a prime location within a prominent development zone.