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Centennial Plaza Apartments, a 77-unit is located at 4115 McPherson Ave. The projecty is a refinance of a HUD202 loan, and the currengt financing is an FHA-insured financed with GNMA mortgage-backed securities. With renovations recentlyy begun, loan proceeds will be used to finance a substantial amountof repairs, according to a release. The companhy also said it provideda $2.1 million loan to refinance Highview Terrace, a 59-unit apartmenf complex in Passaic, N.J.; refinanced a loan valued at $3.47 millioj for Arbor Place of Ky.; and refinanced a HUD 202 loan for Sunflower Housing, an apartment complex in Great Kan.
Gershman Mortgage providews loans for residential real estate throughoutthe St. Loui s region, and for commercial multifamiluhousing nationwide.
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