FINANCEDMultiFamily
Meridian Capital Group Arranges $40M Refinancing Loan For Schaumburg Multifamily Property
201 West Remington Lane, Schaumburg, IL 60195
$40,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 1, 2022
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.
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