Northmarq Chicago Secures $19.2M Loan For Senior Housing In Oakbrook
1801 35th Street, Oak Brook, Illinois 60523, United States
$19,200,000
$79/SF
Building Size
242,084 SF
Asset Type
—
Closing
Mar 6, 2022
AI
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.
Players
Oak Brook CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93