REBusinessOnline

PCCP Provides $33.1M Senior Loan for Refinancing of Apartment Community in Lombard, Illinois

Apex 41 is situated on a three-acre site at 2760 S. Highland Ave.

LOMBARD, ILL. — PCCP has provided a $33.1 million senior loan for the refinancing of Apex 41, a five-story, 181-unit apartment community in Lombard. The loan will pay off the existing construction loan and provide additional time for lease-up and stabilization of the property. Apex 41 is situated on a three-acre site at 2760 S. Highland Ave. Completed in March 2017, the property is atop a two-story parking garage. Amenities include a pool, clubhouse, golf simulator and dog run. GSP Development was the borrower.

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