Maverick Commercial Mortgage Provides $1.3M Loan For Mixed-Use Property On S. Oak Park Ave
FINANCED
$1,304,000
Illinois
See Similar DealsMixed-use
Financed 11/07/2021
FINANCED
Maverick Commercial Mortgage Provides $1.3M Loan For Mixed-Use Property On S. Oak Park Ave
100-106 S Oak Park Ave, Oak Park, Illinois, USA
See Similar DealsMixed-use
Financed 11/07/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Loan
A mixed-use property located at 100-106 S. Oak Park Ave. in Oak Park, IL has recently undergone a closed transaction. The property, consisting of both residential and commercial spaces, was involved in a loan agreement.
Summary of transaction details:
- Property Type: Mixed-use
- Loan Amount: $1,304,000
- Loan Terms: The loan has a duration of five years and is amortized over a 25-year schedule.
- Market: Oak Park, IL
The loan was facilitated by Matthew Cohen representing Maverick Commercial Mortgage, Inc. Matthew Cohen acted as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,304,000.00
Monthly NOI$8,693.33
Monthly Debt Service$8,242.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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