(To read more on the multifamily market, click here.)
CHICAGO-Mesa Development LLC has secured a $275-millionconstruction loan for the Legacy at Millennium Park condominiumtower development, at 60 E. Monroe St. The $345-million project isalso being financed with a mezzanine loan, says James Hanson,principal at Mesa Development.
The $275-million construction loan was underwritten and arrangedby LaSalle Bank. Bank of America and Euro Hypo were co-syndicationagents and Wachovia Bank and Associated Bank were co-documentationagents. Charter One Bank, Westdeutsche ImmobilienBank, NationalCity Bank, Bank of Scotland, MB Financial Bank and Standard Bankwere also lenders for the financing.
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