D2 Capital Advisors Arranges $18.2M Construction Loan For Aurora Multifamily Property
100 Oak Avenue, Aurora, Illinois 60506, United States
$18,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 21, 2022
AI
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
Aurora MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93