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8801 South Greenwood Avenue...

Maverick Commercial Mortgage, Inc. Provides $3.55M Acquisition Loan For Industrial Property In Chicago
FINANCEDIndustrial

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

Ben Kadish

Maverick Commercial Mortgage

Broker

$131.7M

vol

9 deals

Broker
Maverick Commercial Mortgage
Maverick Commercial MortgageLender

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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