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Chicago’s Luxe on Madison Secures $25M Refi
JLL has secured the $24.75 million refinancing for Luxe on Madison, a 102-unit multifamily community in Chicago, Illinois. The firm represented the borrower, Fifield Companies, in arranging the five-year, fixed-rate loan through MetLife Investment Management.
JLL Capital Market’s Debt Advisory team was led by Senior Managing Director Danny Kaufman, Director Mary Dooley, Associate Rebecca Brielmaier and Analyst Mackenzie Jones. “The property’s strong operating history and prime location continue to attract residents, and the strong underlying market fundamentals provide further support for a secure mortgage investment,” said Dooley.
Luxe on Madison is strategically located at 1222 West Madison St., in one of the city’s fastest-growing mixed-use neighborhoods. The property offers access to major employers and dining and entertainment options near the center of the Fulton Market District. Luxe on Madison offers a total of 102 residential units complemented by approximately 7,300 square feet of ground-floor retail. The property features a mix of studios, one- and two-bedroom units.
