CLEVELAND, OH – Multifamily bridge loan lender Pembrook Capital Management LLC has provided a $28.2 million first mortgage bridge loan to finance the recapitalization of a 124-unit multifamily property in the Cleveland suburb of Jackson Township, OH.
Located at 4252 Belden Greens Circle NW, the community, the Residences at The Greens, features two-bedroom and three-bedroom floorplans that range from 1,400 square feet to more than 1,900 square feet. The single-story homes each offer a private entrance and an attached garage.
Pembrook's financing will cover various construction loans and costs for the community's redevelopment, which was recently completed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.