 |
| Jason Bond |
CHICAGO, IL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $24.88 million in
financing for Coventry Glen at Valley
Lakes, a 280-unit, Class A, garden-style multi-housing community in Round
Lake, Illinois.
Working on behalf of the
borrower, Eagle Management RE, LLC, HFF placed the 10-year, fixed-rate loan
with M&T Realty Capital Corporation.
Loan proceeds were used to acquire the asset.
Coventry Glen at Valley
Lakes is located at 1399 Coventry Glen Drive, minutes from Interstate 94 and
Route 59/US-12 and the Long Lake and Round Lake Metra commuter rail stations
providing direct access into downtown Chicago.
The property’s location within Lake County positions it in proximity to
numerous employers, including 11 Fortune 500 company headquarters.
The 22.17-acre community
offers several one- and two-bedroom floor plans averaging 907 square feet
each. The 97.8-percent-leased property
features a resort-style swimming pool and sundeck, cyber café and business
center, fitness center, community kitchen with coffee bar, outdoor playground,
volleyball court, extensive green spaces and access to nature trails and
recreational activities within Long Lake Park.
The HFF debt placement
team representing the borrower was led by director Jason Bond.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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