March 30, 2016
YB Partners, owner of the 571-unit York Brook Apartments in Bensonville, IL, has obtained $44 million in refinancing, courtesy of Berkadia. The property, located at 100 E. George St., is situated on 28 acres, and is 98% occupied.
Len Deering and Paul Matusiak with Berkadia negotiated the 35-year, fixed-rate loan, through the company’s HUD/Federal Housing Administration program. The loan has an 80% loan-to-value ratio.