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Chicago & Midwest  + Midwest  + Finance  | 
Pembrook Capital Management provided a bridge loan to finance the recapitalization of the Residences at The Greens, a 124-unit multifamily property in Jackson Township, Ohio

Pembrook Lends on Recapitalization for Ohio Apartments

Pembrook Capital Management LLC, a leading multifamily bridge loan lender, provided a $28,150,000 first mortgage bridge loan to finance the recapitalization of a 124-unit multifamily property located at 4252 Belden Greens Cir. NW, Jackson Township, OH. Redevelopment of the property was recently completed, and Pembrook’s financing will cover various construction loans and costs for subcontracted work. 

Known as The Residences at The Greens, the community contains 109 two- and 15 three-bedroom apartment units ranging from 1,400 square feet to more than 1,900 square feet. Each single-story home offers a private entrance and an attached garage.  

“We are pleased to finance the improvement of housing stock in the Greater Cleveland Metro Area,” said Stuart Boesky, CEO of New York City-based Pembrook. “Pembrook is committed to providing financing to support the limited supply of housing stock throughout the Northeast Ohio region and the rest of the nation.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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