5/23/2008

Holliday Fenoglio Fowler arranges $31M refinancing for Illinois multi-family

by

Lincoln at Ovaltine Court

Holliday Fenoglio Fowler has arranged a $31 million refinancing loan for the Lincoln at Ovaltine Court apartments in Village Park, Ill.

The loan was arranged by Matthew Schoenfeldt and Mike Kavanau on behalf of LPC Ovaltine Apartments, LLC, a joint venture between Lincoln Property Company and the AFL-CIO Building Investment Trust.

The apartment complex contains 344 units and is located 17 miles west of downtown Chicago at 1 Ovaltine Court. Built in 2001, the complex is situated on 14 acres. The 5.35 percent fixed-rate loan was arranged over five years with Freddie Mac.

Address: 1 Ovaltine Court, Villa Park, Ill.

Size: 344 units

Built: 2001

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Filed Under: Multi-Family

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