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

Luxury residential tower Optima Signature refinances for $215 million

November 1, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Perkins Coie represented luxury residential development firm Optima, Inc. in the negotiation of its $215 million term loan for its Optima Signature project, which refinances previous construction debt on the property. Perkins Coie had previously represented Optima, Inc. in the negotiation of the original construction financing.

Optima Signature is a 57-story residential community in the Streeterville neighborhood of Chicago. The building is LEED Silver-certified and contains 1.5 acres of community amenity space across three floors, including indoor- and outdoor-heated swimming pools, cabanas, bars and a fitness center offering a virtual workout studio and steam rooms.

Bank of America served as the administrative agent and lender in the transaction. The bank originated the construction loan for Optima, Inc. in 2015, and with this transaction, converted the construction loan into a term loan. The deal closed on September 28, 2018. The Perkins Coie team included counsel Jordan McCarthy, associate Neva Wagner and was led by Perkins Coie Chicago partner Daniel Marre.

 

Tags
Bank of AmericaChicagoIllinoismultifamilyOptima Inc.perkins coiestreeterville
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Meet Hector Arellano of BAC Administrative District Council I

Mia GoulartAugust 19, 2022
MissouriCRE

St. Louis’ Green Street Real Estate Venturs creates Brick + Bev entertainment and hospitality venture

August 19, 2022
MissouriFinanceMultifamily

Northmarq provides $23.5 million in construction financing for Missouri multifamily development

August 19, 2022
MissouriMultifamily

Mia Rose Holdings bringing 144-unit multifamily community to Lake Saint Louis

August 19, 2022

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/Editorial Calendar
© 2022 REjournals.com