BWE Arranges $133M for Luxury Skokie Apartments

BWE Arranges $133M for Luxury Skokie Apartments
News| June 12, 2026| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

BWE announced the placement of a $133 million first mortgage loan to recapitalize The Henry at Harms Woods, a 294-unit multifamily property featuring approximately 8,000 square feet of ground-floor retail space in Skokie, Illinois, 12 miles north of Chicago.

Executive Vice President Daniel Rosenberg in BWE’s Chicago and South Florida offices, and Assistant Vice President Logan Petersmeyer, arranged the financing on behalf of the sponsor, a joint venture between Tucker Development and Wingspan Development Group. Sourced from an institutional bank lender, the loan enables ownership to lower the cost of capital from the construction financing while maintaining the flexibility needed to complete lease-up and stabilize the asset.

“Having been involved in arranging the original construction financing capital stack, it is exciting to see The Henry at Harms Woods reach this milestone,” said Rosenberg. Completed in late 2025, The Henry at Harms Woods features 245 luxury apartment homes and 49 for-rent townhomes with attached two-car garages.

Other News

Truist Closes Construction Loan for Long Beach Multifamily

California & West + Apartment Buildings

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...

Learn more

Merchants Bank Retains CBRE to Market Fee Interest in Midtown Residential Property

New York & Tri-State + Apartment Buildings

CBRE has been retained by Merchants Bank to market for sale the fee interest in 19 W. 55th St., a vacant, nine-story residential property with continuous retail frontage in Midtown Manhattan. CBRE’s Daniel Kaplan was appointed by the bank to spearhead the sale. “Opportunities to acquire the fee interest of an asset in this premier...

Learn more

LogosFaith Development Expands into San Diego Market

California & West + Apartment Buildings

LogosFaith Development, in partnership with San Diego’s Logan Temple AME Zion Church, commemorated the official groundbreaking on Logos Logan Legacy Place at the project site. The 43-home affordable housing community is located at 3186 and 3190 Franklin Ave. in San Diego’s Logan Heights neighborhood. The project marks the affordable housing developer’s expansion into the San Diego market....

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up