Maverick Commercial Mortgage Arranges $2.7M Loan For Multifamily Property In Chicago | 1049 North Paulina Street | Matthew Cohen | MultiFamily | Loan

Summary

Loan

ILLINOIS

MultiFamily

17,940 sqft

The multifamily property located at 1049 N. Paulina Street in Chicago was involved in a recent closed transaction. The property consists of 13 units and was sold for an undisclosed price.

Summary of transaction details

Property Type: Multifamily
Transaction Date: 03/29/2021
Address: 1049 N. Paulina Street, Chicago

Matthew Cohen of Maverick Commercial Mortgage served as the broker for this transaction. He represented the buyer or seller in the deal.

The transaction involved a loan amount of $2,700,000. The loan terms include a 20-year loan duration, a 55 percent loan-to-value ratio, a fixed interest rate for 10 years, a floating rate for 10 years, and a 30-year amortization schedule.

Players

All
1

Agents
1

Matthew Cohen

Associate

$1M Sold

Details

Deal Summary

FINANCED

IMAGE: Matthew Cohen DATE: 03/29/2021 ADDRESS: 1049 N. Paulina Street MARKET: Chicago ASSET TYPE: Multifamily ~ UNITS: 13 BROKER: Matthew Cohen - Maverick Commercial Mortgage LOAN AMOUNT: $2,700,000 LOAN TERMS: 20-year loan, which features a 55 percent loan-to-value ratio, a fixed interest rate for 10 years, a floating rate for 10 years and a 30-year amortization schedule

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Address1049 North Paulina Street

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