Updated Aug 20, 2026
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
About this deal
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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Casey Klein to view all their deals.
Browse Illinois multifamily loans on Traded.
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