Updated Sep 5, 2024
American Street Capital Arranges $9.4M Refinancing Loan For Light Industrial Portfolio In Chicago
Chicago, Illinois, United States
$9,400,000
$48/SF
Building Size
193,825 SF
Asset Type
Industrial
Closing
Apr 7, 2022
About this deal
AI
The Light Industrial Portfolio in Chicago has recently undergone a refinancing loan transaction. The portfolio consists of industrial properties with a total square footage of 193,825. The loan amount for this transaction is $9,400,000, with a five-year term and a 25-year amortization schedule. The refinancing loan aims to provide favorable loan terms for the portfolio.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,400,000
- Loan Type: Refinancing Loan
- Loan Terms: Five-year terms and 25-year amortization schedules
Igor Zhizhin from American Street Capital served as the broker for this transaction. His expertise and representation were instrumental in securing the favorable loan terms for the Light Industrial Portfolio in Chicago. Through his efforts, the refinancing loan was structured with a five-year term and a 25-year amortization schedule, providing flexible repayment options for the portfolio's owners.
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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93