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SHAKER HEIGHTS, Ohio, Dec. 14, 2020 /PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook") is providing a $17,764,288 loan for the acquisition and renovation of a value-add multifamily portfolio comprised of six buildings and 275 units in Shaker Heights, Ohio. The borrower is Significan Lifestyle Communities, an Ohio based multifamily management group, and the properties in the affordable housing portfolio include the following:
Colton House, a 45-unit apartment community located at 20825 Chagrin Blvd in Shaker Heights
Golfview, a 56-unit apartment community located at 3363 Warrensville Center in Shaker Heights
Fairway-Marchmont Terrace, an 87-unit apartment community located at 3310 Warrensville Center Rd in Shaker Heights