CBRE Arranges $43M Construction Loan for Active Adult Community in Chicago

CHICAGO — CBRE has arranged $43 million in financing for the construction of a Class A active adult community in Chicago.

Aron Will, Austin Sacco and Matthew Kuronen of CBRE Senior Housing partnered with CBRE Chicago’s Debt and Structured Finance professionals John Parrett and Peter Marino to arrange the financing. The five-year loan features 42 months of interest-only payments. A national bank provided the funds.

Further details on the property and borrower were not disclosed.