Glengrove-Louisville

Highgates Group Obtains $96.7 Million ReFi for Three Kentucky Assets

by Lynn Peisner

LOUISVILLE, KY. — Walker & Dunlop has arranged $96.7 million in refinancing for three recently built assets in Louisville owned by Highgates Group. Jonathan Zilber, Joel Chetner and Josh Geller secured three floating-rate, interest-only loans from an institutional lender. Proceeds will be used to repay existing debt, fund closing costs and return capital to investors. The properties are comprised of Belmond Flats (240 units), Cedar Creek Flats (168 units) and Glengrove Apartments (232 units). Highgates is a development firm with offices in Kentucky, New Jersey and the United Kingdom.

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