JLL Capital Markets handles $25 million refinancing loan for Luxe on Madison, the Class-A multi-housing community in Chicago's sought-after Fulton Market neighborhood

 

 Mary Dooley

CHICAGO, IL –  JLL Capital Markets has secured the $24.75 million refinancing for Luxe on Madison, a 102-unit, Class-A multi-family community in Chicago, Illinois.

 

JLL represented the borrower, Fifield Companies, in arranging the five-year, fixed-rate loan through MetLife Investment Management.

Danny Kaufman

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Danny Kaufman, Director Mary Dooley, Associate Rebecca Brielmaier and Analyst Mackenzie Jones.

 

"Luxe on Madison represents an excellent financing opportunity in one of Chicago's most dynamic neighborhoods," commented Dooley. "The property's strong operating history and prime location continue to attract residents, and the strong underlying market fundamentals provide further support for a secure mortgage investment.”

 

Luxe on Madison is strategically located at 1222 West Madison St., in one of the city's fastest-growing mixed-use neighborhoods. The property offers residents immediate access to major employers, world-class dining and entertainment options, just a ten-minute walk from the center of the Fulton Market District.

 

 Rebecca Brielmaier 

Luxe on Madison is a sophisticated five-story, mid-rise community constructed in two phases in 2009 and 2016, offering a total of 102 residential units complemented by approximately 7,300 square feet of ground-floor retail.

Mackenzie Jones

The property features a mix of studios, one- and two-bedroom units, boasting an average size of 845 square feet. Each apartment is thoughtfully designed with high-end finishes, including quartz countertops, stainless steel appliances, oversized windows, tile backsplash, plank flooring and 10-foot ceilings.

 

Residents can also enjoy access to a range of amenities such as a fitness center, coworking spaces, a rooftop terrace lounge and a covered parking garage.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

Steven Fifield

About Fifield Companies

 

Fifield Companies, founded in 1977 by Steven Fifield, is a Chicago-based real estate development firm specializing in luxury urban high-rise residences and office towers. With over 40 years of experience and more than $7 billion in developments across major markets, Fifield has established itself as a premier developer.

 

 

Contact: 

 

Gréta Kieras

Senior Associate

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com