Sterling Bay's Fulton Market Mixed-Use Property Secures $206M Loan From Bank OZK
FINANCED
$206,000,000
Illinois
See Similar DealsMixed-use490,000 SF
Financed 07/28/2022
FINANCED
Sterling Bay's Fulton Market Mixed-Use Property Secures $206M Loan From Bank OZK
360 North Green Street, Chicago, Illinois 60642, United States
See Similar DealsMixed-use490,000 SF
Financed 07/28/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$420
Total Square Footage:490,000 SF
Transaction Type:Loan
Located in Fulton Market, Chicago, the mixed-use property at 360 North Green Street has recently been involved in a closed transaction. With a total square footage of 490,000, this property offers a versatile space for various purposes. The deal was finalized on 07/28/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $206,000,000
- Address: 360 North Green Street, Fulton Market, Chicago
- Market: Fulton Market, Chicago
In this transaction, Bank OZK provided a loan of $206,000,000 to support the deal. The landlord of the property is Sterling Bay, represented by Andy Gloor and Julie Goudie. Their involvement played a crucial role in finalizing the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$206,000,000.00
Monthly NOI$1,373,333.33
Monthly Debt Service$1,302,060.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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