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Green Street Realty Refinances Multifamily Property In Champaign, IL With $8.65M Loan From UBS

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FINANCED
$8,650,000
Matthew (Matt) Stearns
Raymond Zanca

Illinois

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MultiFamily
Financed 11/30/2021
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Property Image
FINANCED

Green Street Realty Refinances Multifamily Property In Champaign, IL With $8.65M Loan From UBS

201 West Green Street, Champaign, IL, USA

See Similar Deals
MultiFamily
Financed 11/30/2021
Matthew (Matt) Stearns
Raymond Zanca
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

The 78-unit multifamily property located at 201 & 213 W Green Street in Champaign, IL has undergone a refinancing transaction. The property, owned by Green Street Realty, consists of two buildings and is classified as a multifamily asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,650,000
  • Units: 78
  • Lender: ubs''>UBS
  • Landlord: Green Street Realty
  • Brokers: Raymond Zanca & Matthew Stearms of Bear Capital Partners

The loan, provided by UBS, totals $8,650,000 and was secured to refinance the property. The loan terms include a 10-year repayment period with the first 3 years requiring interest-only payments. The interest rate on the loan is fixed at 3.73%.

Players

Raymond Zanca
Black Bear Capital Partners
Raymond Zanca
12 deals$188.9M volume
BROKER
Matthew (Matt) Stearns
Black Bear Capital Partners
Matthew Stearns
34 deals$910.4M volume
BROKER
UBS
UBS
LENDER

Details

FINANCED
IMAGE: Raymond Zanca & Matthew Stearns DATE: 11/30/2021 ADDRESS: 201 & 213 W Green Street MARKET: Champaign, IL ASSET TYPE: Multifamily ~ UNITS: 78 LENDER: UBS LANDLORD: Green Street Realty BROKERS: Raymond Zanca & Matthew Stearms - @BlackBearCapitalPartners LOAN AMOUNT: $8,650,000 LOAN TYPE: Refinance LOAN TERMS: The 78-unit multifamily property spanning two buildings was refinanced on a 10-year term featuring 3-years of interest only payments and a fixed rate of 3.73%.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,650,000.00

Monthly NOI$57,666.67
Monthly Debt Service$54,673.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00