Centerline Capital Group recently provided two conventional Fannie Mae loans for a total of $69 million to refinance a pair of multi-family properties, one in Illinois, another in Michigan.
Centerline provided a loan of $40.5 million to refinance Glen Oaks Commons, an apartment made up of seven four-story buildings with 504 units.
The company also provided a loan of $28.5 million to refinance River Oaks of Rochester Hills, a 424-unit garden-style apartment in Rochester Hills, Mich. This complex is made up of 33 two- and three-story apartment buildings that were developed in 1987.
The loans were closed by members of Centerline’s Chicago office, including Adam Klingher and Brooke Jackson.
