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2223 Prestige Place

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

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:

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

Walker & Dunlop

Broker

$6.4B

vol

35 deals

Broker
New York Life
New York LifeLender

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