CLEVELAND, OH – Multifamily bridge loan lender Pembrook Capital Management LLC has provided a $28.2 million first mortgage bridge loan to finance the recapitalization of a 124-unit multifamily property in the Cleveland suburb of Jackson Township, OH.
Located at 4252 Belden Greens Circle NW, the community, the Residences at The Greens, features two-bedroom and three-bedroom floorplans that range from 1,400 square feet to more than 1,900 square feet. The single-story homes each offer a private entrance and an attached garage.
Pembrook's financing will cover various construction loans and costs for the community's redevelopment, which was recently completed.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
