FINANCEDCondo
Shaya Sonnenschein Of Meridian Capital Secures $72M Loan For Condo In Chicago
1749 N Wells St, Chicago, IL, 60614
$72,000,000
Building Size
—
Asset Type
Condo
Closing
Nov 22, 2023
AI
The property at 1749 N Wells St, Chicago, IL, 60614 is a Condo located in Chicago. The loan for this asset was provided by Ladder Capital, amounting to $72,000,000.00.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $72,000,000.00
- Address: 1749 N Wells St, Chicago, IL, 60614
- Market: Chicago
- Borrower's Representative: Shaya Sonnenschein (Meridian Capital Group)
Shaya Sonnenschein from Meridian Capital Group represented the borrower in this loan transaction.
Players
Chicago Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93