Oak Grove Capital, a leading national provider of real estate financial services, originated five separate loans for New York City-based Property Markets Group (PMG) in 2014.
Apartment Project: Execution, Loan Type, Loan Amount, Location Units 4004 N Hamlin Apartments: Fannie Mae, Acquisition, $ 1,012,500, Chicago IL, 12-units 5858 W Fullerton: Fannie Mae, Refinance, $ 910,000, Chicago IL, 14-units Laramie Courtyard: Fannie Mae, Refinance, $ 1,650,000, Chicago IL, 27-units 2000 W. Warren: Oak Grove Bridge, Refinance, $ 2,300,000, Chicago IL,16-units 1116 Washington: Oak Grove Bridge, Acq-Rehab, $ 4,600,000, Oak Park IL, 55-units
“I’m excited to have established a good relationship with PMG in Chicago, and am pleased to have helped secure debt structures that fit the company’s needs, both in terms of short-term bridge financing, as well as long-term permanent loans,” said Ryan Cahalan, Vice President of Oak Grove Capital and the loan officer for the five deals.
Noah Gottlieb, Senior Managing Director at PMG said, “Oak Grove proved to be a great partner for us, especially given the variety of investments we make here in Chicago and around the country. Its expertise as an Agency lender was evident, but Oak Grove also had competitive capital solutions when our deal didn’t fit the Fannie Mae box.”
