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808 North Cleveland Avenue

Updated Oct 9, 2026

Daniel Rezko Of DAC Developments Secures $71 Million Refinance Loan For Mixed-Use Asset In Chicago
FINANCEDMixed-use

Daniel Rezko Of DAC Developments Secures $71 Million Refinance Loan For Mixed-Use Asset In Chicago

808 North Cleveland Avenue

$71,000,000

$372/SF

Building Size

190,415 SF

Asset Type

Mixed-use

Closing

Mar 14, 2025

About this deal

AI

The property involved in this transaction is a mixed-use asset located at 808 North Cleveland Avenue, situated in the Chicago market. The property encompasses 278 units and has a total square footage of 190,415. The transaction involves a loan amount of $71,000,000, specifically for refinance purposes.

Summary of transaction details:

Key individuals involved in this transaction include Daniel Rezko from DAC Developments and the Thompsons, Dennis and Corey, associated with Bayview Holdings Limited. serves as the lender's representative from , while Anthony Longo represents the broker, Alpha Capital, in this financial deal.

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$71,000,000

$372/SF

Mixed-use

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Players

Anthony Longo
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Anthony Longo

Alpha Capital

Broker

$1.2B

vol

36 deals

Broker

Michael Hoffenberg

Trevian Capital

Lender

$232.2M

vol

10 deals

Lender
Daniel Rezko

Daniel Rezko

DAC Developments

Landlord

1 deal

Landlord
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Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $372 per square foot on a published $71M for 190,415 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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