Urban Street Group Secures $30.3M Equity Investment In Schaumburg Multifamily Property
2223 Prestige Place
$30,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 9, 2025
AI
The property asset involved in the transaction is located at 2091 Veridian Blvd in Schaumburg and is categorized as a multifamily asset. The total equity amount associated with this transaction is $30,300,000.
Summary of transaction details:
- Property Type: Equity
- Transaction Amount: $30,300,000
- Address: 2091 Veridian Blvd
- Market: Schaumburg
- Asset Type: Multifamily
- Limited Partner: Brian Murphy - New York Life
- General Partners: Bob Kuker & Bob Burk - Urban Street Group
- Brokers: Jonathan Paine, Mo Beler, Pat Dempsey, Todd Johnson & Jackson Irwin - Walker & Dunlop
The deal features key individuals including Bob Kuker and Bob Burk, who serve as General Partners from Urban Street Group, along with Brian Murphy representing the Limited Partner from New York Life. The transaction was brokered by a team from Walker & Dunlop, highlighting the collaborative effort among the involved parties.
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93