The 310-unit, 47-story building at 200 N. Dearborn St. was refinanced for $34.65 million, which at an 80% loan-to-value puts the value of the building at the corner of Lake Street at nearly $43 million. The property also has 23,790 sf of retail space. The money came from FHA Mortgage Insurance, which provided a 35-year non-recourse loan with a five-year lock.
An insurance company provided the funds for the 344-unit apartment complex in Villa Park, writing a 10-year loan at 5.42% with interest-only payments for five years.
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