JLL Secures $7.042M Refinancing For Gary Manor Multihousing Community In Indiana
1200 Washington Street
Summary
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.
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