FINANCED
Byline Bank Provides $1.15M Refinance Loan On Skokie Industrial Property
720 North Larrabee Street APT 703
Industrial
30,000 SF
30,000 SF
Financed 1 year ago
Summary
Loan
ILLINOIS
Industrial
30,000 sqft
Located at 720 N Larrabee St. APT 703 in Skokie, this industrial property spans 30,000 square feet. The transaction took place on 02/18/2022 and involved a loan for the property.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,150,000
- Market: Skokie
- Asset Size: 30,000 SF
The loan for this property was provided by Byline Bank. The landlord for the property is Church Street Properties. Representing the deal as broker was Cody Harper from Mag Mile Capital.
The loan amount for this transaction was $1,150,000. It was a refinance loan with a 3.95% fixed interest rate. The loan terms included a 10-year term and a 15-year amortization period. The loan-to-value (LTV) ratio was 60%.
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Lenders
1
Details
FINANCED
IMAGE: Cody Harper
DATE: 02/18/2022
ADDRESS: 720 N Larrabee St. APT 703
MARKET: Skokie
ASSET TYPE: Industrial ~ SF: 30,000
LENDER: Byline Bank
LANDLORD: Church Street Properties
BROKER: Cody Harper - Mag Mile Capital
LOAN AMOUNT: $1,150,000
LOAN TYPE: Refinance
LOAN TERMS: 3.95% fixed interest rate, 10-year term, 15-year amortization, 60% LTVView on map
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Address720 North Larrabee Street APT 703
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