Skip to content
Homepage
  • Market
    • 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
  • Advertise
  • Real Estate Awards
  • Login/Register

NKF arranges financing of 417-unit asset in suburban Chicago

January 9, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Newmark Knight Frank Multifamily (NKF) announced the financing of Railway Plaza, in Naperville, Illinois, a transit-oriented suburban multifamily property completed in 2000 adjacent to the Route 59 Metro Station. The firm represented buyers BH Equities and Cantor Fitzgerald with a structured debt loan of $61,073,000.  

A team consisting of executive managing director Bill Weber, managing director Henry Stimler and vice president Daniel Sarsfield of NKF’s Multifamily Capital Markets group worked with the lender, Freddie Mac, to finance the 10-year, fixed-rate loan of $61,073,000 on behalf of the buyer, Cantor Fitzgerald, and operating partner BH Equities.

“This acquisition on behalf of BH Equities and Cantor Fitzgerald showcases the strength of the multifamily market in growing areas across the country,” said Stimler. “Multifamily properties like Railway Plaza that are well-maintained and well-located continue to be a strong choice for institutional investors looking to expand their portfolio of properties.”

Railway Plaza is a garden-style, Class A, 417-unit property encompassing 13 three-story buildings. The property features a mix of one-bedroom and two-bedroom units as well as a renovated club room featuring a 24-hour fitness center, lounge, resort-style outdoor swimming pool and sundeck, outdoor grilling stations and a fire pit.     

 

Tags
BH EquitiesCantor FitzgeraldfinanceFreddie MacIllinoismultifamilyNapervilleNewmark Knight Franktransit-oriented development
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisIndustrial

ML Realty Partners announces completion of new facility in suburban Chicago

March 2, 2021
IllinoisFinance

Mag Mile Capital hires VP of originations for Chicago office

March 2, 2021
MissouriOffice

Kessinger Hunter leasing Kansas City star building

March 2, 2021
NebraskaIndustrial

Clayco to build Dollar General distribution center in Nebraska

March 2, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • 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
  • Advertise
  • Office Locations
© 2021 REjournals.com