JLL Capital Markets secured the $24.75 million refinancing for Luxe on Madison, a 102-unit, Class-A multifamily community in Chicago.
JLL represented the borrower, Fifield Companies, in arranging the five-year, fixed-rate loan through MetLife Investment Management.
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 residents immediate access to major employers, world-class dining and entertainment options, just a ten-minute walk from the center of the Fulton Market District.
Luxe on Madison is a sophisticated five-story, mid-rise community constructed in two phases in 2009 and 2016, offering 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, boasting an average size of 845 square feet. Each apartment is thoughtfully designed with high-end finishes, including quartz countertops, stainless steel appliances, oversized windows, tile backsplash, plank flooring and 10-foot ceilings. Residents can also enjoy access to a range of amenities such as a fitness center, coworking spaces, a rooftop terrace lounge and a covered parking garage.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Danny Kaufman, Director Mary Dooley, Associate Rebecca Brielmaier and Analyst Mackenzie Jones.
