Brandon Moulton Provides $6,950,000 Construction Loan For Development Site In Chicago
3010 North Oakley Avenue
$6,950,000
$370/SF
Building Size
18,750 SF
Asset Type
Development Site
Closing
Jun 9, 2026
AI
The property asset involved in this transaction is a development site located at 3010 North Oakley Avenue, Chicago, with a total square footage of 18,750. The loan amount secured for this asset is $6,950,000, classified as a construction loan with terms extending for 24 months.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,950,000
- Lender: Brandon Moulton
- Landlord: Eugene Fu Properties & Giacomo Caliendo
- Loan Type: Construction
- Loan Terms: 24 months
This transaction involves key individuals such as lender Brandon Moulton, along with landlord representatives Eugene Fu and Giacomo Caliendo, who are instrumental in facilitating the terms of the construction loan for the development site.
Players
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93