Sean Truesdale Of Alpha Capital CRE Secures $8 Million Refinance Loan For South Loop Mixed-Use Property
FINANCED
$8,000,000
Illinois
See Similar DealsMixed-use50,000 SF
Financed 02/14/2025
FINANCED
Sean Truesdale Of Alpha Capital CRE Secures $8 Million Refinance Loan For South Loop Mixed-Use Property
Mixed-use50,000 SF
Financed 02/14/2025
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$160
Total Square Footage:50,000 SF
Transaction Type:Loan
A mixed-use property located in the South Loop market has been refinanced for a total loan amount of $8,000,000. This asset encompasses a total of 50,000 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Loan Type: Refinance
- Date of Transaction: 02/14/2025
- Broker: Sean Truesdale - Alpha Capital CRE
Sean Truesdale from Alpha Capital CRE represented the refinancing of this mixed-use property, showcasing his role in facilitating the transaction within the South Loop market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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