1788 Holdings LLC Secures $7.5M Loan For Multi-Tenant Industrial Property In Chicago | 1120 East 89th Street | Ben Kadish | Industrial | Loan

Summary

Loan

ILLINOIS

Industrial

A $7.5 million loan has been secured for a fully leased multi-tenant industrial property located at 1120 East 89th Street in Chicago. The property is owned by 1788 Holdings LLC and is characterized as an older industrial property that has been revitalized by the borrower. The loan, provided by a regional bank, will be used by 1788 Holdings LLC for post-closing property improvements.

Summary of transation details

Property Type: Industrial
Transaction Amount: $7,500,000
Market: Chicago
Landlord: 1788 Holdings LLC
Broker: Maverick Commercial Mortgage Inc - Ben Kadish

Maverick Commercial Mortgage Inc, represented by Ben Kadish, facilitated the acquisition loan. 1788 Holdings LLC specializes in revitalizing older industrial properties and will utilize the loan to further enhance the multi-tenant industrial property in Chicago.

Players

All
2

Agents
1
Agencies
1

Ben Kadish

President

Maverick Commercial Mortgage

Details

Deal Summary

FINANCED

IMAGE: Ben Kadish DATE: 08/30/2023 ADDRESS: 1120 East 89th Street MARKET: Chicago ASSET TYPE: Industrial LANDLORD: 1788 Holdings LLC BROKER: Maverick Commercial Mortgage Inc - Ben Kadish LOAN AMOUNT: $7,500,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 5 year, fixed-rate loan NOTE: Maverick Commercial Mortgage has secured a $7.5 million loan for a fully leased multi-tenant industrial property in Chicago. The loan, provided by a regional bank, will aid in post-closing property improvements by 1788 Holdings LLC, the borrower specializing in revitalizing older industrial properties.

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Address1120 East 89th Street

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