Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Facilitates $114M Loan for Fulton Market Apartments
JLL has secured a $113.75 million agency loan for K2 Apartments, a 496-unit, Class-A, high-rise apartment complex in Chicago, Illinois.
JLL worked on behalf of the borrower, Georgetown Company to secure the seven-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender. JLL Capital Market’s Debt Advisory team, which represented the borrower, was led by Senior Managing Director Danny Kaufman, Director Medina Spiodic and Associate Rebecca Brielmaier.
The property is in close proximity to I-90, walkable distance to the downtown central business district and access to public transportation. K2 Apartments, located at 365 N Halsted St. in Chicago’s West Loop neighborhood, is in the Fulton Market District, just west of the Chicago River. Constructed in 2013, the 34-story high-rise offers 386,249 square feet of living space with a range of units, from studios to three-bedroom apartments.
