OAK GROVE CAPITAL ARRANGES $23.2M FINANCING FOR APARTMENT COMMUNITIES

ST. LOUIS — Oak Grove Capital has originated $23.2 million in Fannie Mae loans for the acquisition of Pine Tree Club Apartments and Westbrooke Village Apartments, two market-rate apartment communities located in St. Louis. The fixed-rate loans both carry seven-year terms, two years of interest-only and four years of yield maintenance. The multifamily communities were built in the mid 80s and have a combined 402 units.