Mirae Secures $110.2 Million Refinance Loan From Fannie Mae For Multifamily Asset In Chicago

The asset involved in the transaction is a MultiFamily property located at 440 North Mcclurg Court in the Chicago market. The loan for this asset was refinanced for the amount of $110,200,000.00. The loan has a term of 5 years with 3 years of interest-only payments and an all-in rate of 5.39%.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $110,200,000.00
• Loan Type: refinance
• Loan Terms: 5yr Term | 3yrs IO | 5.39% All-in Rate
• Lender: Fannie Mae
• Landlord: Mirae
• Loan Date: 03/21/2025

The deal features Fannie Mae as the lender, providing the refinancing for the MultiFamily property. The landlord for the asset involved in the transaction is Mirae.