Refinance of a 152-unit, garden-style multifamily property located at Southern Illinois University.

Loan proceeds will be used to refinance existing debt and bridge to long-term HUD financing that is already in process.

Property is 99% occupied at closing and generates strong in-place cash flow.

Well-located adjacent to Southern Illinois University, which has posted three consecutive years of enrollment growth.

Experienced sponsor with long-term ownership and additional multifamily holdings in the area.