CBRE Arranges $41 Million Refinancing for 456-Bed Student Housing Community in Chicago

The Buckingham is located in downtown Chicago. (Image courtesy of thebuckinghamchicago.com) The Buckingham is located in downtown Chicago. (Image courtesy of thebuckinghamchicago.com)

Chicago — CBRE has arranged the $41 million refinancing of The Buckingham, a 456-bed student housing community located in downtown Chicago.

The property offers a mix of studio, one-, two-, three- and four-bedroom fully furnished apartments with flat screen televisions and washers and dryers. Community amenities include a sky lounge, movie theater, fitness center, student lounge with a fireplace and pool table, bicycle storage, free printing center, private study rooms and coffee vending. Glenn Housman of CBRE secured the 10-year loan on behalf of the borrower, The Buckingham LLC, through the company’s Fannie Mae delegated underwriting and servicing program.

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