
Bellwether Arranges Refi on Luxury West Loop Apartments
Bellwether Enterprise (BWE) arranged a $55-million refinancing of Avra West Loop, a newly constructed, 198-unit luxury apartment complex located at 1125 W Van Buren St. In downtown Chicago’s West Loop.
Dan Rosenberg, EVP in BWE’s Chicago office, originated the fixed-rate, intertest-only loan from a life company on behalf of the borrower, Tandem, to pay off an existing construction loan at a competitive interest rate.
Avra offers studio, one-, two- and three-bedroom units, all of which feature keyless entry, high ceilings, floor-to-ceiling windows, wide-plank flooring and smart thermostats. Building amenities include a 24-hour fitness center, coworking spaces and a wrap-around rooftop terrace with panoramic city views.
- ◦Financing