Alan Coyle Secures $13.3 Million Construction Loan From Brandon Moulton For The Ashbury Residences
734 Central Avenue
$13,300,000
$487/SF
Building Size
27,275 SF
Asset Type
Condo
Closing
Jun 21, 2026
About this deal
AI
The transaction involves a construction loan for a condo located at 734 Central Avenue in Highland Park, spanning a total area of 27,275 square feet. The loan amount secured for the construction is $13,300,000.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $13,300,000
- Lender: Brandon Moulton - Renovo Financial
- Landlord: Alan Coyle
- Loan Type: Construction
- Loan Terms: 24 month construction loan
Brandon Moulton, representing Renovo Financial, is providing financing for the project known as The Ashbury Residences, which consists of an exclusive collection of 11 luxury condominiums aimed at enhancing boutique living within downtown Highland Park. The partnership endeavors to support a premier residential development in the Chicago area.
On the Map
$13,300,000
$487/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93