Cohen & Company Provides Loan For Transaction At 18134 66th Ct In Tinley Park

Edenbridge Apartments is a 309-unit midrise multifamily property located at 18134 66th Ct, Tinley Park, IL, 60477. The property offers studio, one-, two-, and three-bedroom floor plans, equipped with in-unit washers and dryers, walk-in closets, and air conditioning. Community amenities include a sundeck, a clubhouse, a playground, and a swimming pool, providing residents with convenient access to nearby attractions like the Tinley Park Convention Center, as well as shops and restaurants along Route 43 and Route 6.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not Disclosed
• Loan Amount: Not Disclosed
• Address: 18134 66th Ct, Tinley Park, IL 60477
• Market: Tinley Park
• Borrower's Representative: John J. Schorgl - Berkadia
• Lender: Cohen & Company
• Borrower: Artisan Capital Group
• Loan Terms: Three-year bridge loan, floating rate, interest only, and non-recourse

John J. Schorgl, as managing director at Berkadia Kansas City, secured the acquisition financing for the borrower, Artisan Capital Group, highlighting the opportunity for community enhancements as the apartment complex requires upgrades.