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Antheus Capital refinances two historic Hyde Park apartment buildings
The New Jersey firm took out a $61M loan on two buildings housing over 400 units
Antheus Capital refinanced two historic Hyde Park apartment buildings for $61 million.
The New Jersey-based investment firm in late April took out the loan from Athene Annuity and Life Company, Cook County property records show.
The loan is for two of Antheus’ historic holdings in Hyde Park, where it is one of the biggest residential landlords. The refinancing covers the Del Prado, 5703 South Hyde Park Boulevard, and Windermere House, 1642 East 56th Street.
Windermere House was built in 1923 as a companion hotel to the original Hotel Windermere that was constructed to house visitors to the World’s Columbian Exposition. It now has 220 apartments, a fitness center and a bike storage facility.
The 10-story Del Prado was another prominent Hyde Park hotel that is on the National Register of Historic Places. It holds 198 apartments and has a rooftop deck and fitness center.
A representative of Antheus decline to comment on the refinancing.
Antheus’ property management arm, Mac Properties, owns 14 multifamily buildings in Hyde Park, which makes up the majority of its national portfolio. In 2017, a loan tied to a portion of Antheus’ Hyde Park portfolio was transferred to a special servicer after the firm was in danger of defaulting on the $112 million mortgage, Crain’s reported at the time.
The firm also owns five buildings in Kansas City and one in St. Louis, according to its website.
In spring 2018, Antheus secured a $60 million construction loan for its 26-story, 246-unit residential tower at 1600 East 53rd Street in Hyde Park. The firm bought the site in 2011 for $3.9 million.