JLL has successfully secured $25 million in financing for Arden Townhomes, a newly built community of 60 townhomes located in Warrenville, Illinois.
The borrower, Cantera Towhomes LLC, was represented by JLL in obtaining the two-year loan with a floating interest rate. The loan was provided through an entity managed by Argentic Investment Management LLC and consisted of a $20 million senior loan and an additional $5 million mezzanine financing from Pearlmark. JLL’s Debt Advisory team led the transaction with Managing Director Trent Niederberger and Director Philip Galligan at the helm.
Situated at 28291-28417 Torch Pkwy, Arden Townhomes is conveniently located just four miles north of downtown Naperville. This mixed-use development offers residents access to various amenities such as a Cinemark theater, LifeTime fitness center, dining options, retail stores hotels offices,and medical facilities.
Completed in 2024,the townhome community boasts three-level units with three bedrooms each averaging approximately1 ,898 square feet.This unique development combines private townhome living with luxury apartment amenities for its residents to enjoy.
