Pillar has originated $6.825 million loan to refinance Cambridge Park Apartments in Cincinnati, Ohio.
The property features one-, two- and three-bedroom garden-style units across 198 apartments. Cambridge Park Apartments is fully leased at market rates.
Pillar originated the fixed-rate, 12-year term loan with a 30-year amortization schedule for Shamrock Properties IX, LLC. Pillar closed the transaction on April 27.
