465 N. Park Dr. in Chicago

JLL Capital Markets Arranges $127 Million Refinancing for 444-Unit Community in Chicago

by Channing Hamilton

CHICAGO — JLL Capital Markets has arranged the $127 million refinancing of 465 N. Park Dr., a 48-story asset in the Streeterville neighborhood of downtown Chicago. The borrower was a joint venture between MetLife Investment Management and Allstate Investments. JLL represented the borrower to secure the five-year loan through The Northwestern Mutual Life Insurance Co. Danny Kaufman, Mary Dooley, Medina Spiodic, Tara Hagerty and Rebecca Brielmaier led the JLL Capital Markets Debt Advisory team.

465 N. Park Dr. was built in 2018. The property offers 444 units in studio, one-, two- and three-bedroom floor plans. Amenities include a pool with private cabanas, hot tub and sauna, lounge with a fireplace, fitness center, work-from-home conference center, green spaces, a clubroom, rooftop sky deck and outdoor dining area.

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