NEW YORK, NY, July 29, 2026 – MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, closed a bridge loan for an apartment complex in McHenry, Illinois. The transaction was brought to MONTICELLOAM by Trent Niederberger of JLL Chicago. MONTICELLOAM Senior Managing Director Darryl Myrose worked with the JLL Chicago team on the origination of the transaction.
“This transaction marks the beginning of a new partnership with an experienced Midwest sponsor, and we are excited to support their continued growth while expanding our presence alongside a proven operator in the region. Our approach is rooted in delivering customized financing structures that align with our clients’ business objectives,” said Mr. Myrose. Mr. Myrose further added that both the JLL and Cunat teams combined to create a seamless execution on the transaction.
The loan carries a 24-month initial term with three 12-month extension options. Proceeds will be utilized to finance the acquisition of the property and allow the sponsor, Cunat Inc., a privately held real estate firm that owns and operates over 4,000 units in the Midwest, to execute on their renovation plan.
The property, Fawn Ridge Apartments, is a garden-style multifamily property comprised of 208 units across nine buildings in northwest Chicago. Community amenities include a fitness center, resident clubhouse, picnic area, dog park, and playground.
“The current market demands financing solutions that can keep pace with shifting economic and capital market dynamics,” said Eric Baum, Head of MONTICELLOAM’s Multifamily Bridge Lending team. “By combining deep industry knowledge with a client-centric approach, our team delivers tailored lending strategies that empower borrowers to execute their business plans efficiently and effectively.”
About MONTICELLOAM, LLC
MONTICELLOAM, LLC (“MONTICELLOAM”) is a specialized multifamily and seniors housing lending platform with expertise in executing bridge loans and managing credit risk. MONTICELLOAM offers bridge, working capital and permanent financing options to properties across the U.S. The firm was founded in October 2014 by Alan Litt, Thomas Lally and Jonathan Litt, who each have over 35 years of industry experience as lenders, investors, developers, and owner-operators.
To learn more visit www.monticelloam.com.