HFF has closed the sale of and arranged financing for Hunter’s Glen, a 320-unit, Class A, garden-style multi-housing community in Aurora, Illinois.
HFF marketed the property on behalf of the seller, Levin Realty Advisors. L3C Partners, LLC purchased the offering free and clear of existing debt. HFF also secured a seven-year, 3.64 percent acquisition loan on behalf of the buyer through M&T Realty Capital Corporation.
Hunter’s Glen is located at 245 North Oakhurst Drive near the intersection of New York Street and Eola Road and within 10 minutes of two Metra stations with direct routes into Chicago’s central business district. Situated on approximately 16 acres, the property includes one- and two-bedroom floor plans averaging 886 square feet each. Community amenities include a heated resort-style swimming pool and sundeck, sauna/spa, fitness center, tennis court, sand volleyball courts, clubhouse and children’s playroom.
The HFF investment sales team representing the seller was led by managing directors Sean Fogarty and Marty O’Connell, associate director Wick Kirby and executive managing director Matthew Lawton. HFF’s debt placement team was led by managing director Matthew Schoenfeldt and associate director Jason Bond.