Huntington National Bank Provides $59.8M Construction Loan For River North Multifamily Project

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.