Centerline Capital Group Refinances a Multifamily Facility Located in Oak Park, Illinois
NEW YORK, NY - Centerline Capital Group , a provider of real estate mortgage services for conventional and affordable multifamily housing , announced today it has provided a Fannie Mae DUS loan in the amount of $3.25 million to refinance a multifamily property in Oak Park, Illinois.
Located at 1000 Pleasant Street, Fountainhead Apartments is a four-story building ( including unfinished basement at partially submerged garden level ) with two interior courtyards between the building’s three wings. The property has five distinct addresses but is known primarily by its 1000 Pleasant Street address .
The borrower is Fountain Head Apartments , LLC, an Illinois limited liability company , and Melvyn Kushner, a highly regarded real estate investor . The property has been very well maintained by Kushner who has been engaged in ownership and management of multifamily complexes for nearly 40 years.
“The Property was built in 1922 and has been well cared f...