Maverick Commercial Mortgage, Inc. Provides $3.55M Acquisition Loan For Industrial Property In Chicago
FINANCED
$3,550,000
Illinois
See Similar DealsIndustrial63,125 SF
Financed 09/02/2022
FINANCED
Maverick Commercial Mortgage, Inc. Provides $3.55M Acquisition Loan For Industrial Property In Chicago
8801 South Greenwood Avenue, Chicago, Illinois 60619, United States
See Similar DealsIndustrial63,125 SF
Financed 09/02/2022
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$56
Total Square Footage:63,125 SF
Transaction Type:Loan
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%.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,550,000.00
Monthly NOI$23,666.67
Monthly Debt Service$22,438.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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