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1210 South Indiana Avenue, ...

Bank Of China And KKR Provide $345M Loan For Multifamily Property In Chicago
FINANCEDMultiFamily

Bank Of China And KKR Provide $345M Loan For Multifamily Property In Chicago

1210 South Indiana Avenue, Chicago, IL 60605, USA

$345,000,000

$435/SF

Building Size

792,000 SF

Asset Type

MultiFamily

Closing

Aug 26, 2021

AI

1210 South Indiana Avenue in Chicago has been the center of a recent closed property transaction. The multifamily asset, consisting of 800 units, was involved in the deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $345,000,000
  • Address: 1210 South Indiana Avenue, Chicago
  • Market: Chicago

The loan for this transaction was provided by Bank of China, represented by Anthony Wong, and KKR, represented by Billy Butcher & Matt Salem. The loan amount totaled $345,000,000.

Crescent Heights, represented by Casey Klein & Jason Buchberg, served as the landlord in this closed property transaction.

Players

Bank of China
Bank of ChinaLender

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93