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D2 Capital Advisors Arranges $18.2M Construction Loan For Aurora Multifamily Property

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FINANCED
$18,200,000

Illinois

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MultiFamily
Financed 06/22/2022
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Property Image
FINANCED

D2 Capital Advisors Arranges $18.2M Construction Loan For Aurora Multifamily Property

100 Oak Avenue, Aurora, Illinois 60506, United States

See Similar Deals
MultiFamily
Financed 06/22/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this closed transaction is a multifamily asset located at 100 Oak Avenue and 641 S. Lake St in Aurora. The property consists of 47 units and is owned by Fox Valley Apartments LP and General Partner Visionary Ventures NFP.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $18,200,000
  • Market: Aurora
  • Address: 100 Oak Avenue & 641 S. Lake St
  • Units: 47

Brokers involved in this deal are Jack Cortese and David Frankel from D2 Capital Advisors. They represented the parties in the transaction.

The loan for this transaction was a construction loan with an amount of $18,200,000.

Players

Jack Cortese
11 deals$326.8M volume
BROKER

David Frankel
D2 Capital Advisors
9 deals$238.5M volume
BROKER

Details

FINANCED
IMAGE: David Frankel & Jack Cortese DATE: 06/22/2022 ADDRESS: 100 Oak Avenue & 641 S. Lake St MARKET: Aurora ASSET TYPE: Multifamily ~ UNITS: 47 LANDLORD: Fox Valley Apartments LP & General Partner Visionary Ventures NFP BROKERS: Jack Cortese & David Frankel - D2 Capital Advisors LOAN AMOUNT: $18,200,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,200,000.00

Monthly NOI$121,333.33
Monthly Debt Service$115,036.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00