Leon Capital Group Enters Midwest Market with Naperville MF Investment
Leon Multifamily and Leon Financial, both subsidiaries of Leon Capital Group, announced a preferred equity investment of $10.76 million in an apartment community in Naperville, Illinois.
The investment represents a milestone as the company expands its real estate platform into the credit space. The project, completed in February 2025, caters primarily to residents aged 55 and older. The community includes a pool, hot tub, golf simulator, fitness center, dog park, community lounges, coffee bar, salon, and heated parking garage. The property is located approximately 30 miles west of downtown Chicago in the heart of Naperville.
“Naperville is one of the highest-performing suburban markets in the country, and there simply are not enough quality options for the 55-plus demographic,” said Fernando Mendez, Managing Director at Leon Financial. “This property is representative of the well-built, well-located community our investors want exposure to, offering strong downside protection while positioning us to benefit from continued rent growth.”
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Truist Closes Construction Loan for Long Beach Multifamily
Truist recently closed a $152-million construction loan for Marina Shores, a 390-unit multifamily community at 6615 E. Pacific Coast Hwy. in Long Beach. The project is being developed by Carmel Partners. The six-story project will transform an aging office complex and surface lot into a mixed-income community with approximately 5,400 square feet of ground-floor retail...
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Merchants Bank Retains CBRE to Market Fee Interest in Midtown Residential Property
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LogosFaith Development Expands into San Diego Market
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout