BWE, a national commercial and multifamily mortgage banking firm, announced today the successful placement of a $133,000,000 first mortgage loan to recapitalize The Henry at Harms Woods, a premier 294-unit Class A multifamily community featuring approximately 8,000 square feet of ground-floor retail space in Skokie, Illinois – 12 miles north of Chicago.
Daniel Rosenberg, Executive Vice President in BWE’s Chicago and South Florida offices, and Logan Petersmeyer, Assistant Vice President, 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 their 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. “The property’s exceptional lease-up performance speaks directly to its quality, design, and location. The transaction generated strong interest across a broad range of capital sources, giving our client a compelling set of financing options to choose from. Chicago’s multifamily market remains one of the most supply-constrained in the country, driving sustained demand for high-quality housing – and BWE is uniquely positioned to help our clients capitalize on that opportunity through our deep and diverse capital relationships.”=
Completed in late 2025, The Henry at Harms Woods features 245 luxury apartment homes and 49 for-rent townhomes with attached two-car garages, alongside approximately 8,000 square feet of ground-floor retail. Residents enjoy an exceptional amenity package featuring best-in-class finishes including a resort-style outdoor pool and courtyard, lounge and grilling areas, a state-of-the-art fitness center, dedicated work-from-home spaces, and direct access to hundreds of acres of surrounding natural open space. Together, these features establish The Henry at Harms Woods as one of the most desirable residential buildings in the Chicago metropolitan area.