US·Financing·Multifamily
Arbor Realty Trust lends $125.3M for R.I.G. Capital Chicago acquisition
Value
$125300K
Location
Chicago, Cook County, Illinois
Date
2026-05-21
Companies
Arbor Realty Trust, R.I.G. Capital, Brookfield Asset Management, Eastern Union
R.I.G. Capital obtained a $125.3 million loan from Arbor Realty Trust to finance its acquisition of Pavilion Apartments in Chicago’s O’Hare neighborhood. The transaction financed a $167 million purchase of the 1,115-unit, five-building complex at 5441 North East River Road from Brookfield Asset Management. Eastern Union negotiated the financing and said the property was 96% occupied at closing.
multifamilyacquisition-financingohare
Source
Commercial Observer