California Place Apartments - Highland Realty Capital Deal

California Place Apartments

Perm Loan

94-Unit Multi-Family

Chicago, IL

Highland Realty Capital placed a $6.8mm permanent loan for the acquisition of California Place Apartments. It is a 94-unit apartment complex located in West Rogers Park in Chicago, Illinois. The property was built in 1961 and consists of 8 individual buildings with a mix of studio, 1-bedroom, and 2-bedroom units. The 10-year CMBS perm loan will provide 6 years of interest only payments enabling the Borrower to maximize cash flow.

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