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
$1,304,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 7, 2021
About this deal
AI
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.
On the Map
$1,304,000
Mixed-use
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Oak Park Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.16%
Cash-on-Cash
-3.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93