Holliday Fenoglio Fowler has arranged financing for the development of Deerfield Senior Residences, a 240-unit, six-story, luxury independent living community in the northern Chicago suburb of Deerfield, Ill.
The HFF team worked on behalf of affiliates of Banner Senior, the managing partner of a joint venture partnership that is developing the facility, to arrange joint venture equity through Harrison Street Real Estate Capital. Additionally, HFF worked on behalf of the new partnership to secure a $55.6 million, four-year, floating-rate construction loan through a national bank.
Deerfield Senior Residences will be located on a 5.17-acre parcel adjacent to the Weinberg Campus for Senior Living at Lake Cook Road adjacent to the entrance to Interstate 294, which provides access to the northern Chicago suburbs, O’Hare International Airport and the Chicago CBD. The location also is within four miles of Northshore University Health Glenbrook Hospital and Northwestern Unive
