HFF has arranged financing for ALOFT at The Glen Town Center, a 181-unit, Class A multi-housing property in the Chicago area.
HFF worked exclusively on behalf of the borrower, OliverMcMillan, Inc., to secure a long-term, fixed-rate loan through TIAA-CREF. HFF will also service the loan.
Completed in 2003, ALOFT at The Glen Town Center features one- and two-bedroom floor plans. Community amenities include two fitness centers, two theatre rooms, community center, business center and indoor heated parking. ALOFT at The Glen Town Center is located at 1991 Tower Drive within The Glen Town Center master planned community in Glenview, approximately 20 minutes north of downtown Chicago. Situated on 1,121 acres, the community was built on the site of the former Glenview Naval Air Station and its historic Hanger One.
The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and associate directors Jeremy Sain and Jason Bond.
