Northmarq Chicago Secures $19.2M Loan For Senior Housing In Oakbrook
FINANCED
$19,200,000
Illinois
See Similar Deals242,084 SF
Financed 03/07/2022
FINANCED
Northmarq Chicago Secures $19.2M Loan For Senior Housing In Oakbrook
1801 35th Street, Oak Brook, Illinois 60523, United States
See Similar Deals242,084 SF
Financed 03/07/2022
Summary
ILLINOIS
Price Per Square Foot:$79
Total Square Footage:242,084 SF
Transaction Type:Loan
A senior housing property located at 1801 35th St in Oakbrook has recently undergone a closed transaction. The asset consists of 249 units and was involved in a loan deal.
Summary of transaction details
- Property Type: Senior Housing
- Loan Amount: $19,200,000
- Loan Terms: fixed loan, 7 fully-amortizing 40-year term loan
- Address: 1801 35th St
- Market: Oakbrook
- Broker: Sue Blumberg - Northmarq Chicago
In this transaction, a loan of $19,200,000 was secured for the senior housing property. The loan terms include a fixed rate and a fully-amortizing 40-year term. Sue Blumberg from Northmarq Chicago represented the parties involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,200,000.00
Monthly NOI$128,000.00
Monthly Debt Service$121,357.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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