Updated Dec 4, 2024
Darragh Griffin & Quinn Keenan Secure $9.5M Refinance For 1553 North Wells Street Multifamily In Chicago
$9,500,000
$348/SF
Building Size
27,277 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
About this deal
AI
The property asset involved in the transaction is located at 1553 North Wells Street, Chicago, IL. This multifamily asset encompasses a total square footage of 27,277 and includes 24 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Loan Type: Refinance
- Loan Terms: Term: 3 Year Full-Term Interest Only, Type: Life Company, Spread: 1.52%
The key individuals involved in the deal are Darragh Griffin and Quinn Keenan, who represented Essex Capital Markets in this transaction.
Darragh Griffin & Quinn Keenan Secure $9.5M Refinance For 1553 North Wells Street Multifamily In Chicago is logged as a multifamily loan on Traded (2024). The building is 27,277 square feet, implying about 348 per square foot on the published price. Darragh Griffin, Quinn Keenan, Essex Capital Markets appear on the loan alongside Essex Capital Markets. This page is the market file for the Darragh Griffin & Quinn Keenan Secure $9.5M Refinance For 1553 North Wells Street Multifamily In Chicago multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this Darragh Griffin & Quinn Keenan Secure $9.5M Refinance For 1553 North Wells Street Multifamily In Chicago loan when underwriting similar multifamily product.
Players
Market 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93