Pearlmark Provides $7.4M Mezzanine Investment for Recapitalization of Suburban Chicago Apartment Complex for UrbanStreet Group

11/15/2024

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REBusinessOnline

• Subcategory: Capital Markets: Debt, Capital Markets: Fund, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Mezzanine, MF: Midrise

• Company: Pearlmark

Pearlmark has provided a $7.4 million mezzanine debt investment for the recapitalization of The Residences at Sawmill Station, a 250-unit apartment complex in the Chicago suburb of Morton Grove. Pearlmark Mezzanine Realty Partners V LP originated and structured the investment.