Weiss Entities Refinances 440-Unit Multifamily Property In Merrillville, Indiana For $54M

The multifamily property located at 9123 Cleveland St in Merrillville, Indiana has undergone a refinancing transaction. The property consists of 440 units and is owned by Weiss Entities, with Don Weiss as the landlord. The deal was facilitated by Mark Perkowski of Draper and Kramer, who represented the landlord.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,000,000
• Lender: Protective Life Insurance
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate loan

Don Weiss, the owner of Weiss Entities, and Mark Perkowski from Draper and Kramer played key roles in the refinancing deal of the multifamily property at 9123 Cleveland St. The loan of $54,000,000 was provided by Protective Life Insurance on a five-year, fixed-rate term.