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Vella Group Secures $10 Million Refinance Bridge Loan From KSEYE USA For Industrial Asset In Chicago

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FINANCED
$10,000,000

Illinois

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Industrial64,400 SF
Financed 05/08/2025
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FINANCED

Vella Group Secures $10 Million Refinance Bridge Loan From KSEYE USA For Industrial Asset In Chicago

1300 Bowes Road

See Similar Deals
Industrial64,400 SF
Financed 05/08/2025
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:64,400 SF
Transaction Type:Loan

The property asset involved in this transaction is an industrial facility located at 1300 Bowes Road in the Chicago market. The asset encompasses a total square footage of 64,400 and is categorized as industrial. The loan amount associated with this transaction is $10,000,000, which is a refinance loan structured as a bridge loan.

Summary of transation details:

The deal features notable individuals and companies, with Jeff Feldman representing the landlord through Mount Duke Capital, while Israel Leiner represents the landlord via Walker & Dunlop. These representatives played a crucial role in executing the refinancing of the property asset.

Players

Israel Leiner
10 deals$196M volume(201) 366-8041
BROKER

Jeff Feldman
Mount Duke Capital
1 deal$10M volume
BROKER

Vella Group
LANDLORD

Details

FINANCED
IMAGE: Jeff Feldman & Israel Leiner DATE: 5/8/2025 ADDRESS: 1300 Bowes Road MARKET: Chicago ASSET TYPE: Industrial ~ SF: 64,400 LENDER: KSEYE - USA LANDLORD: Vella Group LANDLORD'S REP: Jeff Feldman - Mount Duke Capital; Israel Leiner - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $10,000,000 LOAN TYPE: Refinance LOAN TERMS: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,000,000.00

Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00