Real Estate Credit
Residential - Nema Chicago
LOAN AMOUNT
$65M
LOAN TYPE
MEZZANINE
LOAN TERM
5 YRS
LOCATION
Chicago, IL
ACQUISITION DATE
Q3 '21

Investment Highlights

  • Privately-originated mezzanine loan secured by a 76-story, 800-unit, Class A+ luxury apartment building
  • Located in Chicago's South Loop Submarket with good access to employment centers and top leisure attractions
  • Features 71k SF of amenity space, 10k RSF of retail, 536 parking spaces and unobstructed views of Grant Park and Lake Michigan
  • High-quality sponsor is a privately owned, vertically-integrated real estate development, management, and investment firm and is a repeat borrower with KKR Real Estate Credit

(1) As of October 31, 2022.