Santefort Real Estate Group Secures $69.042 Million Loan For 426-Unit Multifamily Purchase In Pleasant Prairie

The transaction involved the acquisition of two multifamily communities located at 9300 Prairie Ridge Boulevard and 8929 83rd Place in Pleasant Prairie, Wisconsin. This acquisition was supported by a loan amount of $69,042,000 through Freddie Mac, facilitated by Berkadia. The asset consists of a total of 426 rental units across both properties, Cobblestone Creek and Fountain Ridge.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $69,042,000
• Loan Type: Acquisition
• Landlord: Santefort Real Estate Group
• Market: Pleasant Prairie, WI
• Units: 426

The deal was arranged by Berkadia, with representatives Richard Evans, Laura Cathlina, Pete Evans, Chris Blechschmidt, and Emily Stang involved in the transaction. The deal officially closed on February 11, 2026, marking a significant acquisition for Santefort Real Estate Group based in Illinois.