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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