Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestMultifamily

Aries Capital closes $2.73 million loan for Lincoln Park apartments

Staff Writer April 5, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Eric Jones, vice president from Aries Capital’s Chicago office, has completed a loan for two multifamily properties in Chicago’s Lincoln Park neighborhood totaling $2.73 million. Fannie Mae was the investor in the transaction.

The two apartment complexes include 10 residences and two commercial spaces and are located within the Lincoln Park neighborhood on Chicago’s North Side. The 10-year, non-recourse loan arranged by Aries Capital features a 4.03 percent rate and a 30-year amortization.

The borrowers, Douglas Crocker II and Matt McHugh, are well-versed in Chicago’s multifamily market. Crocker is the former president/CEO and vice chairman of Equity Residential, which owns and operates more than 225,000 apartment units throughout the country. McHugh is the managing member of the Affito Group and manages both Lincoln Park apartment properties.

Tags
Lincoln Park
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasIndustrial

Cresa represents Careismatic Brands in its new 1,014,254-square-foot industrial lease in Dallas

February 3, 2023
WisconsinMultifamily

CBRE brokers sale of 11-property multifamily portfolio in Milwaukee area

February 3, 2023
TexasCRE

Hartman’s Anthony Trollope named Rising Star at CPE Influence Award ceremony

February 3, 2023
TexasIndustrial

Silver Star Properties completes sale of 17.2 acres in Fort Worth

February 3, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com