Joshua Bernard Of Bernard Financial Group Arranges $14 Million Loan For Lincoln Towers Apartments In Oak Park
15075 Lincoln Avenue
$14,000,000
Units
475
Asset Type
MultiFamily
Closing
Apr 10, 2026
AI
The transaction involves a multifamily asset located at 15075 Lincoln Avenue in Oak Park, MI, featuring a total of 475 units. The loan amount associated with this property is $14,000,000, facilitated through a permanent loan arrangement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Address: 15075 Lincoln Avenue
- Market: Oak Park, MI
- Units: 475
- Landlord: Lincoln Towers Apartments LP
- Broker: Joshua Bernard - Bernard Financial Group
The deal was arranged by Joshua Bernard of Bernard Financial Group, who originated the financing through a life insurance company on behalf of Lincoln Towers Apartments LP.
Oak Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93