Interforum secures $25M in senior loan, mezzanine financing from Argentic and Pearlmark for new 60-unit Warrenville Townhomes

10/22/2024

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Connect CRE

• Subcategory: Capital Markets: Debt, MF: BTR, MF: Market Rate

• Tag: Closing | Strategy

• Additional Filters-Subcategory: Capital Market: Bridge Loan, Capital Markets: Debt-Refinance, Capital Markets: Mezzanine, MF: BTR-Townhome, MF: Garden

• Company: Jones Lang LaSalle (NYSE: JLL), Pearlmark, Argentic Investment Management LLC

JLL has arranged $25 million in financing for Arden Townhomes, a 60-unit, newly constructed townhome community in Warrenville, Illinois. JLL represented the borrower, Cantera Towhomes LLC, in securing the two-year, floating-rate loan through an entity managed by Argentic Investment Management LLC. Argentic provided the $20 million senior loan and Pearlmark provided an additional $5 million of mezzanine financing.