JLL Secures $7.042M Refinancing For Gary Manor Multihousing Community In Indiana

Monroe Group Limited and Steele Properties have secured a $7.042 million refinancing for Gary Manor, an age-restricted multifamily community in Gary, Indiana. The property, located at 1200 Washington Street, consists of 198 units. The ten-year, fixed-rate loan was obtained through Freddie Mac Multifamily.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,042,000
• Address: 1200 Washington Street
• Market: Gary, Indiana
• Units: 198
• Lender: Freddie Mac
• Landlord: Monroe Group Limited & Steele Properties

JLL Capital Markets, represented by Leif Olsen & Kristian Lichtenfels, facilitated the financing for Gary Manor. Through their efforts, the $7.042 million loan was secured, providing Monroe Group Limited and Steele Properties with a ten-year fixed-rate. The refinancing deal offers stability and support for the age-restricted multifamily community.