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.
On the Map
$32,000,000
MultiFamily
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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