HFF Secures $31M Loan for Chicago Community
- Mar 14, 2019
HFF has secured a $31 million loan with NXT Capital for refinancing a luxury community in Chicago. The 99-unit property is part of developer PMG’s national portfolio of X Social Communities. The concept was launched last year with the aim of providing particularly young professionals a comfortable lifestyle at an accessible price point. HFF’s Director Jimmy Conley placed the loan with NXT.
X Chicago is located at 710 W. 14th St. within the University Village neighborhood, which offers its residents proximity to the Illinois Medical District and University of Illinois at Chicago. The property offers a mix of studio, one-, two-, three- and four-bedroom units and a vast range of indoor amenities such as:
- access to co-working space
- media beds with ceiling-mounted TVs
- hammock loungers with city views
- mobile app to manage keyless entry, guest lists, thermostats and packages
- top-of-the-line gym
The community also offers residents access to a rooftop terrace with heated dog park, grills and picnic tables as well as lawn and amphitheater lounger.
Image via Google Street View