FINANCEDMixed-use
Sean Truesdale Of Alpha Capital CRE Secures $8 Million Refinance Loan For South Loop Mixed-Use Property
$8,000,000
$160/SF
Building Size
50,000 SF
Asset Type
Mixed-use
Closing
Feb 14, 2025
AI
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.
Players
Chicago 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93