Meridian Capital Group Arranges $40M Refinancing Loan For Schaumburg Multifamily Property
FINANCED
$40,000,000
Illinois
See Similar DealsMultiFamily
Financed 01/01/2022
FINANCED
Meridian Capital Group Arranges $40M Refinancing Loan For Schaumburg Multifamily Property
201 West Remington Lane, Schaumburg, IL 60195
See Similar DealsMultiFamily
Financed 01/01/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in the transaction is a multifamily asset located at 201 W. Remington Ln in Schaumburg. It consists of 529 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Loan Type: Refinancing Loan
- Loan Terms: 10-year loan
- Brokers: Elliot Treitel & Steven Helmreich - Meridian Capital Group
The loan for this transaction was obtained for a refinancing amount of $40,000,000. It is a 10-year loan with the purpose of refinancing the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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