Knighthead Funding Refis Chicago-Area Apartments With $32M Loan
The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned. Knighthead Funding supplied the loan for the 62-unit the Drake Group’s Cerca property in Glenview, Ill., that opened in June. The…
The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned. Knighthead Funding supplied the loan for the 62-unit the Drake Group’s Cerca property in Glenview, Ill., that opened in June. The…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine refinancing of a suburban Chicago apartment complex by Knighthead Funding, representing ordinary commercial real estate lending activity with limited broader market impact or novelty.
Sources
Commercial Observer
Knighthead Funding Refis Chicago-Area Apartments With $32M Loan
The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned. Knighthead Funding supplied the loan for the 62-unit the Drake Group’s Cerca property in Glenview, Ill., that opened in June. The…