Continental Properties Lands $47M Refi for Illinois Community
Dwight Capital closed the HUD loan for the firm s 300-unit property in South Elgin. Jun142021
Image courtesy of Dwight Capital
Continental Properties has received a $47.3 million HUD 223(f) refinancing loan for Springs at South Elgin, located in Chicago’s I-90 Golden Corridor submarket. Dwight Capital closed the loan on behalf of the owner.
Completed in 2018, the property sits on 16.7 acres at 350 Gyorr Ave., according to Yardi Matrix.
The townhome-style community comprises 300 units across 15 two-story buildings. Floorplans range from studios to three-bedroom apartments. Units feature energy-efficient appliances, granite countertops, hardwood-style flooring, an in-home washer and dryer, and a private balcony or patio.