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
About this deal
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.
The condo loan at 1749 N Wells St, Chicago, IL, 60614 in Chicago, Illinois financed for $72M in 2024. 1749 N Wells St, Chicago, IL, 60614 is classified as Condo on Traded. Shaya Sonnenschein, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Chicago, Illinois file for the 1749 N Wells St, Chicago, IL, 60614 condo financed: pricing, party profiles, and other closed condo comps from the same Chicago sit in the Market section below. Filter that Chicago condo set by closing date to see what else financed near 1749 N Wells St, Chicago, IL, 60614 around 2024. Published consideration for 1749 N Wells St, Chicago, IL, 60614 is $72M, dated 2024. Cite this Shaya Sonnenschein Of Meridian Capital Secures $72M Loan For Condo In Chicago loan when underwriting similar condo product around Chicago, Illinois.
On the Map
$72,000,000
Condo
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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