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YK Investments Secures $25.14M Loan For 68-Unit Multifamily Property In Chicago
FINANCED
$25,140,000
Illinois
See Similar DealsMultiFamily
Financed 06/19/2025
FINANCED
YK Investments Secures $25.14M Loan For 68-Unit Multifamily Property In Chicago
1211 North Lasalle Drive
See Similar DealsMultiFamily
Financed 06/19/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
The Archer is a 68-unit multifamily property located at 1211 North Lasalle Drive in the Chicago market. YK Investments is the landlord of the property, and the loan amount secured for this asset is $25,140,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,140,000
- Address: 1211 North Lasalle Drive
- Market: Chicago
- Units: 68
- Landlord: YK Investments
- Brokers: Daniel Eidson & Ben Applebaum - Concord Summit Capital
Concord Summit Capital facilitated the bridge financing for YK Investments, enabling them to take full control of the property. This arrangement allowed the limited partner to buy out the general partner and initiate renovations of the units with a zero cash-to-close structure.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,140,000.00
Monthly NOI$167,600.00
Monthly Debt Service$158,901.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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