Maverick Commercial Mortgage, Inc. Provides $3.55M Acquisition Loan For Industrial Property In Chicago
8801 South Greenwood Avenue, Chicago, Illinois 60619, United States
$3,550,000
$56/SF
Building Size
63,125 SF
Asset Type
Industrial
Closing
Sep 1, 2022
AI
On September 2, 2022, a loan for the acquisition of an industrial property in Chicago was secured. The property, located at 8801 & 8835 S Greenwood Ave, spans across approximately 63,125 square feet. The loan was facilitated by Maverick Commercial Mortgage, Inc. and the representative involved in the transaction was Ben Kadish.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,550,000
- Loan Type: Acquisition Loan
- Loan Terms: 60-month term with an interest rate fixed at 4.15%
This transaction involved the assistance of Maverick Commercial Mortgage, Inc., with Ben Kadish serving as the representative. The loan amount was $3,550,000, and the loan was specifically an acquisition loan for the industrial property located at 8801 & 8835 S Greenwood Ave in Chicago. The loan terms included a 60-month term with a fixed interest rate of 4.15%.
Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93