Knighthead Funding Provides $14.3M Construction Loan for Multifamily Development in Chicago

Roselle Apartments will feature 72 two-bedroom townhomes.

CHICAGO — Knighthead Funding LLC has provided a $14.3 million construction loan for Roselle Apartments, a multifamily development in the Chicago submarket of Glendale Heights/Lombard. Noah Properties Chicago is the developer. Completion is slated for the first quarter of 2020. Roselle will feature 72 two-bedroom townhomes. The nonrecourse loan has an 18-month term. Knighthead Funding originates loans for its managed real estate debt funds and Knighthead Annuity & Life Assurance Co.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News