REBusinessOnline

Cohen Financial Arranges $3.3M Loan for 24-Unit Apartment Building in Northwest Indiana

WHITING, IND. — Cohen Financial has arranged a $3.3 million non-recourse loan to refinance City Place, a Class A apartment community in Whiting, approximately 15 miles northwest of Gary. City Place was built in 2015 and features 24 units. Located at 1514-1520 119th St., the property features all two-bedroom/two-bathroom units with an average size of 938 square feet. Michael Hart secured the 12-year, fixed-rate Fannie Mae loan with Pillar. The borrower is a Chicago-based apartment developer and investor.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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