Bayshore secures $14 million for renovations of multifamily property in Crown Point

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Bayshore Properties has secured a $14 million loan for the refinancing of Cypress Pointe Apartments in Crown Point.

The 174-unit multifamily property is located about six miles southwest of Merrillville.

The loan carries a 40-year term, 35-year amortization and a fixed rate. The refinancing will allow Bayshore to continue with ongoing maintenance and renovations.

Originally built in 1978, Cypress Pointe features six buildings along with a clubhouse, pool, fitness center and playground.

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