FINANCED
Huntington National Bank Provides $59.8M Construction Loan For River North Multifamily Project
741 North Wells Street
MultiFamily
Financed 1 year ago
Summary
Loan
ILLINOIS
MultiFamily
A construction loan in the amount of $59,800,000 was secured for a multifamily property located at 741 N Wells St in the River North neighborhood of Chicago. The property comprises 168 units and is owned by Vista Property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $59,800,000
- Address: 741 N Wells St, River North, Chicago
- Market: River North, Chicago
- Units: 168
The lender involved in the deal is Huntington National Bank. JLL Capital Markets represented the buyer, Vista Property, with Christopher Knight, Mary Dooley, and Medina Spiodic acting as brokers in the transaction.
The loan obtained is a four-year, floating-rate construction loan provided by Huntington National Bank.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Christopher Knight
DATE: 07/21/2022
ADDRESS: 741 N Wells St
MARKET: River North, Chicago
ASSET TYPE: Multifamily ~ UNITS: 168
LENDER: Huntington National Bank (@HuntingtonBank)
LANDLORD: Vista Property
BROKERS: Christopher Knight, Mary Dooley & Medina Spiodic - JLL Capital Markets
LOAN AMOUNT: $59,800,000
LOAN TYPE: Construction Loan
LOAN TERMS: four-year, floating-rateView on map
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Address741 North Wells Street
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