$6,800,000
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.