HFF arranges $20.95 million financing for Boston developer for luxury residential development in Chicago’s Lincoln Park
July 27, 2018 / BOSTON REAL ESTATE TIMES
Holliday Fenoglio Fowler, L.P. (HFF) announced $20.95 million in financing for the development of 42 luxury apartment units at Norweta Row in Chicago’s Lincoln Park neighborhood. The HFF team worked on behalf of Broder to secure the construction loan through Citizens Bank. Norweta also includes 31 for-sale condominium units that share amenities with the apartments but were not part of the collateral for this loan. Broder is a privately funded real estate partnership based in Boston’s Back Bay that invests in, develops and manages commercial, residential and hospitality properties.