Updated Oct 28, 2024
Broadmark Realty Capital - Jeff Pyatt Secures $32M Loan For Multifamily Property In Northbrook, IL
1281 Shermer Road
$32,000,000
Units
68
Asset Type
MultiFamily
Closing
May 18, 2021
About this deal
AI
The multifamily property located at 1281 Shermer Road in Northbrook, IL has recently undergone a closed transaction. The property spans across 5.4 acres and consists of 68 units. The loan for this transaction was secured for an amount of $32,000,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $32,000,000
- Address: 1281 Shermer Road, Northbrook, IL
- Market: Northbrook, IL
- Lender: Melrose State Capital
- Landlord: Broadmark Realty Capital - Jeff Pyatt
The lender for this transaction was Melrose State Capital, while the landlord involved in the deal is Broadmark Realty Capital represented by Jeff Pyatt.
Players
Northbrook MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93