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.
