CEDARst, Origin Investments refinance 202-unit, OZ located, The Rosie, a multifamily community in Chicago via Bridge Investment Group

8/21/2024

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REjournals

• Subcategory: Capital Markets: Debt, MF: Affordable, MF: Market Rate, Mixed-Use: Retail-MF

• Tag: Closing | JV-Partnership | Opportunity Zone (OZ)

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance

• Company: Origin Investments, Bridge Investment Group

CEDARst Companies and its joint venture partner Origin Investments have refinanced The Rosie multifamily community at 1461 S. Blue Island Ave. in Chicago with a $39.15 million loan from Bridge Debt Strategies. JLL arranged the financing.

The Rosie is a recently constructed 202-unit community located just north of the Pilsen neighborhood in an opportunity zone. The property is 10 minutes from downtown and within walking distance of the University of Chicago, the Illinois Medical District, Thalia Hall, and restaurants along 18th St.