The term of the loans on all seven properties is ten-years with 30-year amortization schedules. The properties include:

6810 Lakewood Apartments. 6810 Lakewood Apartments is a four-story multifamily complex that comprises a total of 23 units. The property was built in 1923 and includes one studio unit, 20 one-bedroom/one-bath units, and six two-bedroom/one-bath units. The loan provided by Centerline on this property was $1.6 million.
3915 Fremont Apartments. Comprised of 19 units and constructed in 1903, 3915 Fremont is a garden style multifamily property. The property is a three-story apartment building containing 12 one-bedroom/one-bath units and seven two-bedroom/one-bath units. The loan on this property was for $1.7 million.
836 Cornelia Apartments. Centerline provided a $1.8 million loan to refinance 836 Cornelia Apartments, a three-story apartment building that houses 18 units. The property includes four one-bedroom/one-bath units and 14 two-bedroom/one-bath apartments. The property was constructed in 1898.
1401 Huron Apartments. 1401 Huron Apartments was built in 1889 and is a four-story apartment building containing three loft units, one, one-bedroom/one-bath apartment, nine two-bedroom/one-bath units, and three three-bedroom/one-bath units. The loan provided to refinance this property was in the amount of $1.3 million.
6653 Ashland Apartments. Centerline provided $903,000 to refinance 6653 Ashland Apartments, a three-story property with a total of 16 units that was developed in 1925. The unit mix is six one-bedroom/one-bath apartments and ten two-bedroom/one-bath units.
1422 Farwell Apartments. Built in 1925,1422 Farwell Apartments is a mid-rise building that contains 38 total units. A four-story apartment building, the property mix includes one studio unit, 25 one-bedroom/one-bath apartments, and 12 two-bedroom/one-bath units. The loan to refinance 1422 Farwell Apartments was for $2.1 million.
1201 Waveland Apartments. Centerline provided a loan in the amount of $1.2 million to refinance 1201 Waveland Apartments. The property is improved with one four-story apartment building containing 14 one-bedroom/one-bath units, and two, two-bedroom/one-bath units. The property was constructed in 1915.

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Centerline Refinances North Side Buildings

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