Midwest Regional Office
The Oaks at Vernon Hills
Vernon Hills, Illinois
“ We are pleased to provide acquisition financing for The Oaks of Vernon Hills. This is a very attractive, high quality project with an excellent location in Chicago’s northwest suburbs which exhibit strong market fundamentals. The loan is a good fit for New York Life’s core lending platform.”
—John Howard, Senior Director
- Recently completed suburban garden-style apartment community with 336 units spread across 18 three story buildings.
- Property amenities include: swimming pool, clubhouse, fitness center, attached garage parking, entertainment room and conference rooms.
- Desirable suburban location with proximity to employment, retail and services, good schools and commuter rail service to downtown Chicago.
- 7 year fixed rate loan with 3 years interest only.
Source: REI Midwest Regional Office, December 2017.