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JLL Arranges $25M Financing for Warrenville Townhomes
JLL has arranged $25 million in financing for Arden Townhomes, a 60-unit, newly constructed townhome community in Warrenville, Illinois.
JLL represented the borrower, Cantera Towhomes LLC, in securing the two-year, floating-rate loan through an entity managed by Argentic Investment Management LLC. Argentic provided the $20 million senior loan and Pearlmark provided an additional $5 million of mezzanine financing. JLL Capital Market’s Debt Advisory team was led by Managing Director Trent Niederberger and Director Philip Galligan.
Located at 28291-28417 Torch Pkwy, Arden Townhomes is situated just four miles north of downtown Naperville. The mixed-use master development features an array of amenities including a Cinemark theater, LifeTime fitness center, dining and retail options, hotels, offices, and medical facilities.
Completed in 2024, Arden Townhomes offers a unique blend of private townhome living with access to luxury apartment amenities. This development features 60 spacious, three-level, three-bedroom townhomes, each averaging 1,898 square feet.
