Bank Of China And KKR Provide $345M Loan For Multifamily Property In Chicago
FINANCED
$345,000,000
Illinois
See Similar DealsMultiFamily792,000 SF
Financed 08/26/2021
FINANCED
Bank Of China And KKR Provide $345M Loan For Multifamily Property In Chicago
1210 South Indiana Avenue, Chicago, IL 60605, USA
See Similar DealsMultiFamily792,000 SF
Financed 08/26/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$435
Total Square Footage:792,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$345,000,000.00
Monthly NOI$2,300,000.00
Monthly Debt Service$2,180,634.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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