Updated Oct 29, 2024
Associated Bank Provides $37.8M Loan For Multifamily Property In Chicago
1926 West Harrison Street, Chicago, IL, USA
$37,800,000
$151/SF
Building Size
249,000 SF
Asset Type
MultiFamily
Closing
Dec 16, 2020
About this deal
AI
The multifamily property located at 1926 W. Harrison Street in Chicago recently underwent a closed transaction. The loan for this property was provided by Associated Bank, with Elizabeth Hozian serving as the lender's representative. The loan amount for this transaction was $37,800,000. The property's ownership is held by Marquette Companies and Kayne Anderson Real Estate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $37,800,000
- Lender: Associated Bank - Elizabeth Hozian
- Landlord: Marquette Companies & Kayne Anderson Real Estate
The involvement of Elizabeth Hozian, as the representative of Associated Bank, highlights the role of lending in this transaction. Marquette Companies and Kayne Anderson Real Estate, as the landlords, play a significant role in the ownership of the multifamily property at 1926 W. Harrison Street in Chicago.
Players
Chicago 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93