Finance P Kansas

Cohen Financial closes $10.4 million loan for workforce housing in Kansas

Cohen Financial closes $10.4 million loan for workforce housing,ph01

Cathy Bronkema, managing director in the Grand Rapids, Michigan, office of Cohen Financial, has secured a $10.4 million Fannie Mae loan to refinance Oak Ridge Park Apartments in Olathe, Kansas. 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 fully leased.

Tish Wagnon, operations director at Gold Crown Properties, Inc., of Overland Park, Kansas, along with Andis Dimants of RMX Propery, assisting in the underwriting and loan process.