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Urban Street Group Secures $30.3M Equity Investment In Schaumburg Multifamily Property

Property Image
FINANCED
$30,300,000
Jackson Irwin
Pat Dempsey
+ 2

Illinois

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MultiFamily
Financed 10/10/2025
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Property Image
FINANCED

Urban Street Group Secures $30.3M Equity Investment In Schaumburg Multifamily Property

2223 Prestige Place

See Similar Deals
MultiFamily
Financed 10/10/2025
Jackson Irwin
Pat Dempsey
+ 2
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

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:

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

Mo Beler
35 deals$6.4B volume
BROKER

Jackson Irwin
Walker & Dunlop
9 deals$795.9M volume(858) 442-8456
BROKER

Jonathan Paine
Walker & Dunlop
6 deals$232.9M volume
BROKER

Pat Dempsey
Walker & Dunlop
2 deals$92.3M volume(262) 912-7077
BROKER

Todd Johnson
Walker & Dunlop
1 deal$30.3M volume
BROKER

New York Life
LENDER

Details

FINANCED
IMAGE: INVESTMENT IMAGE: Jonathan Paine, Todd Johnson, Mo Beler, Jackson Irwin, Pat Dempsey, Bob Kuker & Bob Burk DATE: 10/10/2025 ADDRESS: 2091 Veridian Blvd - The District at Veridian MARKET: Schaumburg ASSET TYPE: Multifamily LIMITED PARTNER: Brian Murphy - New York Life GENERAL PARTNER: Bob Kuker & Bob Burk - Urban Street Group BROKERS: Jonathan Paine, Mo Beler (@MBeler), Pat Dempsey, Todd Johnson & Jackson Irwin - Walker & Dunlop (@WalkerDunlop) EQUITY AMOUNT: $30,300,000 TYPE: Equity

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,300,000.00

Monthly NOI$202,000.00
Monthly Debt Service$191,516.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00