Goel Investments Secures Refinancing for Chicago Apartments
Amit Goel’s family office pulled $1.4 million in equity out of a Chicagoland apartment complex with a fresh round of debt.Goel Investments landed a $130 million loan from an affiliate of Bridge Investment Group to refinance 500 Station Apartments, a 417-unit property in Aurora, Bisnow reported, citing a Fitch Ratings presale report. The financing works out to $311,751 per unit.The debt replaces a prior $130 million mortgage from MF1 that came due last year and is being rolled into a $915 million collateralized loan obligation. The financing matures in 2028...