Updated Oct 28, 2024
TLC Management Co. Acquires 272-Unit Multifamily Property In Naperville For $54.5M
1101 Iroquois Avenue, Naperville, Illinois 60563, United States
$54,512,550
Units
272
Asset Type
MultiFamily
Closing
Feb 22, 2022
About this deal
AI
The multifamily property located at 1101 Iroquois Ave in Naperville has been involved in a recent closed transaction. The property consists of 272 units and is part of the market in Naperville.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,512,550
- Loan Type: Acquisition Loan
The lender for this transaction was Wintrust Bank, with Jason Baeten from the bank handling the loan. The landlord of the property is TLC Management Co.
The multifamily loan at 1101 Iroquois Avenue, Naperville, Illinois 60563, United States in Naperville, Illinois financed for $54.5M in 2022. Reported inventory is 272 units across 272 units. This page is the Naperville, Illinois file for the 1101 Iroquois Avenue, Naperville, Illinois 60563, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Naperville sit in the Market section below. Filter that Naperville multifamily set by closing date to see what else financed near 1101 Iroquois Avenue, Naperville, Illinois 60563, United States around 2022. Published consideration for 1101 Iroquois Avenue, Naperville, Illinois 60563, United States is $54.5M, dated 2022. Cite this TLC Management Co. Acquires 272-Unit Multifamily Property In Naperville For $54.5M loan when underwriting similar multifamily product around Naperville, Illinois.
Players
Naperville 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93