CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The property was developed in 2019 by Miami-based Crescent Heights, which is the borrower. The five-year, fixed-rate loan was provided by New York Life Insurance Co., while the mezzanine loan was sourced through PGIM’s real estate business. NEMA Chicago features 70,000 square feet of amenities spanning indoor and outdoor pools, a full-size basketball court, squash court, boxing ring, golf simulator, movie theater and spa services. Renters can opt for higher-end units, known as the Skyline Collection of 126 units on upper floors, which feature private lobbies, dedicated concierge teams, 10-foot ceilings and access to special lounges and terraces. JLL’s team was led by Danny Kaufman, Medina Spiodic and Youngsoo Yang.
Crescent Heights has obtained a refinancing loan and a mezzanine loan for NEMA Chicago, an 800-unit high-rise developed in 2019.
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