Crescent Heights Secures $332M Loan for Chicago’s Tallest Apartment Tower

Crescent Heights has secured a $332 million debt package to refinance NEMA Chicago, the city's tallest all-rental tower. The financing includes a fixed-rate senior loan from New York Life Insurance and a mezzanine loan from PGIM Real Estate, replacing an earlier floating-rate loan provided by KKR in 2019.

By Sam Lounsberry Mon, July 13, 2026 at 10:25 PM GMT+3 3 min read · Yahoo Finance · July 13, 2026, 19:25 UTC

Crescent Heights Secures $332M Loan for Chicago’s Tallest Apartment Tower

Tickers: $KREF

Topics: debt package multifamily real estate refinancing

Read the full article at Yahoo Finance

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