March 21, 2016 Comments Off on $125M Refi Obtained for Tides at Lakeshore East Views: 569 California News, Illinois, Midwest, National News

$125M Refi Obtained for Tides at Lakeshore East

Partners AFL-CIO Building Investment Trust and Magellan Development Group have successfully obtained a $125 million loan to refinance The Tides at Lakeshore East, a 608-unit, high-rise luxury apartment tower in downtown Chicago. The property is located at 360 S. Water St.

The 10-year, fixed-rate, full-term loan came from Northwestern Mutual Life Insurance Co., and replaced a construction loan that Pacific Life Insurance Co. had underwritten in 2006. Pete Marino and Molly Green of CBRE Capital Markets arranged for the loan.

Read More at Midwest Real Estate News

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