The developers of a 350-unit apartment tower in high-demand Fulton Market have landed more than $93 million in new debt, adding to a run of big multifamily refinancing deals in Chicago.
Chicago apartment tower lands $93.5 million refinancing
The Elizabeth in Fulton Market extends run of major multifamily deals across city
By Ryan Ori
CoStar NewsSeptember 8, 2026 | 9:17 P.M.
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IN THIS ARTICLE
- Properties
- The Elizabeth
225 Elizabeth St, Chicago, IL
- Companies
- Sterling Bay
Construction
- Ascentris, LLC
Real Estate
- Bank of America Corporation
Finance and Insurance
- Contacts
- William Barry
Senior Vice President - Commercial Mortgage Group, Draper & Kramer
- Bill Stewart
Senior Vice President, Draper & Kramer