David Lynd Of The Lynd Group And Pat Curran Of West Point Builders Secure $66M Refinance Loan

The property asset involved is the Willow Glen apartments, a multifamily development located at 8900 Willow Glen Drive in Willow Springs, Illinois. This asset consists of 224 units, including 188 apartments and 36 townhomes. It was built in 2023 and is situated approximately 20 miles southwest of downtown Chicago. The loan transaction was valued at $66 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Market: Willow Springs
• Lender: Barclays Bank & Ghisallo Capital
• Landlord: David Lynd - The Lynd Group; Pat Curran - West Point Builders
• Loan Type: Refinance
• Units: 224

The deal was facilitated as The Lynd Group refinanced the 224-unit Willow Glen apartments. This refinancing package included a $58 million CMBS loan from Barclays and an $8 million mezzanine loan from Ghisallo Capital. This transaction marks The Lynd Group's second suburban Chicago refinancing in recent weeks.