Breneman Capital Secures $27.08 Million Refinance For 72-Unit Multifamily Property In Chicago

Madison Throop Place is a multifamily asset located at 1247 West Madison Street in Chicago, comprising 72 units. It is classified as a Class A property and was built in 2016. The recent transaction involves a refinance loan amounting to $27,079,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,079,500
• Loan Type: Refinance
• Loan Terms: five-year term with full-term interest-only payments
• Landlord: Breneman Capital
• Broker: Kevin McCarthy - NorthMarq
• Market: Chicago
• Units: 72

NorthMarq facilitated the refinancing process for Breneman Capital, arranging a $27.08 million Fannie Mae DUS loan for the property. The arrangement features a five-year term tailored for the apartment community situated in the West Loop.