$25M financing arranged for Warrenville luxury townhome community

CHICAGO, Oct. 21, 2024 –  JLL Capital Markets announced today that it has arranged a $25 million financing for Arden Townhomes, a 60-unit, newly constructed townhome community in Warrenville, Illinois.

JLL represented the borrower, Cantera Towhomes LLC, in securing the two-year, floating-rate loan through an entity managed by Argentic Investment Management LLC. Argentic provided the $20 million senior loan and Pearlmark provided an additional $5 million of mezzanine financing.

Located at 28291-28417 Torch Pkwy, Arden Townhomes is nestled in the thriving Cantera neighborhood of Warrenville, just four miles north of downtown Naperville. This mixed-use master development has emerged as Warrenville's largest employment center and a vibrant retail/entertainment corridor, featuring an impressive array of amenities including a Cinemark theater, LifeTime fitness center, diverse dining and retail options, hotels, offices, and medical facilities. Arden Townhomes' strategic location, less than one mile from I-88, offers residents easy access to major employment opportunities and key transportation routes, presenting an attractive option for those seeking a balance between suburban tranquillity and urban convenience.

Completed in 2024, Arden Townhomes offers a unique blend of private townhome living with access to luxury apartment amenities. This development features 60 spacious, three-level, three-bedroom townhomes, each averaging 1,898 square feet. The townhomes boast high-end finishes including gourmet kitchen islands, two-toned soft-close cabinets, nine-foot ceilings, stainless steel appliances, custom window treatments with blackout panels, private balconies, and two-car garages. Living in an extension of an existing 364-unit apartment community, residents enjoy exclusive townhome privacy while having access to shared luxury amenities such as a resident lounge, turf-style fitness center, yoga studio, library, game room, sauna, and kids’ club.

"Arden Townhomes offers a unique combination of private townhome living with access to shared luxury amenities, catering to a diverse range of preferences in today's real estate market," said Niederberger. "We're pleased to have successfully arranged this financing, which recognizes the value and potential of this forward-thinking residential option in a market where flexibility and quality of life are paramount."

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Trent Niederberger and Director Philip Galligan.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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