Peter Panagako Of Eastern Mortgage Capital Secures $24.1M Loan For 194-Unit Multifamily Property In Mahomet

Solace at Mahomet is a 194-unit multifamily property located at 905 East Oak Street in the Mahomet market. The property is financed through a HUD 223(f) loan amounting to $24,100,000. The lender for this transaction is HUD-insured and is based in Massachusetts.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,100,000
• Lender: Peter Panagako - Eastern Mortgage Capital
• Date: 01/28/2026
• Units: 194
• Location: 905 East Oak Street, Mahomet, Illinois

Peter Panagako of Eastern Mortgage Capital originated the deal for Solace at Mahomet, providing the loan necessary for the transaction. The lender specializes in HUD-insured financing, ensuring the financial backing of the multifamily property.