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NewsAug 28, 20260 views

Knighthead Funding Refis Chicago-Area Apartments With $32M Loan

The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned. Knighthead Funding supplied the loan for the 62-unit the Drake Group’s Cerca property in Glenview, Ill., that opened in June. The debt refinances a pre

Source: Commercial Observer

The Drake Group has sealed a $32 million loan to refinance a newly built multifamily community in suburban Chicago, Commercial Observer has learned. Knighthead Funding supplied the loan for the 62-unit the Drake Group’s Cerca property in Glenview, Ill., that opened in June. The debt refinances a previous construction facility and pays off the property’s […]

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