Cohen Financial Secures Fannie Loan for KS Workforce Apts

Cohen Financial’s Cathy Bronkema has secured a $10.4 million Fannie Mae loan with SunTrust to refinance Oak Ridge Park Apartments in Olathe, KS, within the Kansas City metro area. Bronkema secured the fixed-rate, 15-year term loan with a 30-year amortization schedule.

Oak Ridge Park Apartments is a 194-unit workforce housing property. The property is well located in Olathe, and is fully leased.

“Fannie Mae loans continue to be an attractive debt product for long-term, fixed-rate, non-recourse loans, plus these loans offer an interest-only period to allow for stronger cash flow,” said Bronkema.

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Source: Connect Chicago