JLL Secures $127M Refinance Loan For 444-Unit Multifamily In Chicago

465 North Park Drive in Chicago's Streeterville neighborhood is a 444-unit multifamily property. Recently, a $127 million refinancing deal was finalized for this asset, with the loan secured through The Northwestern MutualLife Insurance Company. The borrower, a joint venture between MetLife Investment Management and Allstate Investments, facilitated the transaction through JLL Capital Markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $127,000,000
• Lender: Northwestern Mutual Life Insurance Company
• Landlord: John McCallion - MetLife Investment Management; John Dugenske - Allstate Investments
• Brokers: Danny Kaufman, Mary Dooley, Medina Spiodic, Rebecca Brielmaier & Tara Hagerty - JLL

The key individuals involved in this transaction include Medina Spiodic, Tara Hagerty, Mary Dooley, Danny Kaufman, Rebecca Brielmaier, John McCallion, and John Dugenske. They played vital roles in executing the $127 million refinancing deal for the multifamily property at 465 N. Park Dr. in Chicago.