WILLOW GLEN, ILL. — The Lynd Group has secured a $66 million refinancing for Willow Glen, a 224-unit community in the Chicago suburb of Willow Glen. The refinancing repays the project’s construction loan and replaces it with a new financing package consisting of a $58 million Barclays-originated CMBS senior loan and an $8 million mezzanine loan provided by Ghisallo Capital.
Lynd Development in partnership with West Point Builders, built the project, which opened in 2023. Willow Glen consists of 188 apartment units and 36 three-story townhomes. Amenities include a clubhouse with a coffee bar, a fitness center, resort-style pool with a sun deck, a courtyard terrace with grilling stations, a fireside lounge, game room, pet park and grooming station and outdoor gathering spaces.
In September 2025, Lynd secured $64 million to refinance another of its developments in Chicagoland, Home at Ashcroft, a 178-unit build-to-rent community in Oswego.