Canyon Partners provide $106.3M senior loan to Mavrek for 248-unit, 21-story The Saint Grand in Chicago

7/28/2025

|

Connect CRE

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Capital Markets: Debt-Senior Loan, MF: Highrise

• Company: Mavrek Development, Jones Lang LaSalle (NYSE: JLL)

Canyon Partners Real Estate has provided a $106.3 million senior loan to a joint venture controlled by Mavrek Development to refinance The Saint Grand, a multifamily property in Chicago’s Streeterville neighborhood.

The transaction was facilitated by JLL. The Saint Grand is a newly built, 21-story mixed-use tower featuring 248 market-rate apartment units, a 103-stall parking garage and 46,946 square feet of retail space. The retail portion of the property is leased to Club Studio Fitness, Wintrust Bank, and Tropical Smoothie Café.