Updated Sep 5, 2024
Meridian Capital Group Arranges $40M Refinancing Loan For Schaumburg Multifamily Property
201 West Remington Lane, Schaumburg, IL 60195
$40,000,000
Units
529
Asset Type
MultiFamily
Closing
Jan 1, 2022
About this deal
AI
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.
The multifamily loan at 201 West Remington Lane, Schaumburg, IL 60195 in Schaumburg, Illinois financed for $40M in 2022. Reported inventory is 529 units across 529 units. Steven Helmreich, Elliot Treitel, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Schaumburg, Illinois file for the 201 West Remington Lane, Schaumburg, IL 60195 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Schaumburg sit in the Market section below. Filter that Schaumburg multifamily set by closing date to see what else financed near 201 West Remington Lane, Schaumburg, IL 60195 around 2022. Published consideration for 201 West Remington Lane, Schaumburg, IL 60195 is $40M, dated 2022. Cite this Meridian Capital Group Arranges $40M Refinancing Loan For Schaumburg Multifamily Property loan when underwriting similar multifamily product around Schaumburg, Illinois.
Players
Schaumburg 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93