Updated Oct 28, 2024
Inland Green Capital LLC Acquires Multifamily Property In New Lenox, IL For $21.1M Loan
232 N. Prairie Rd, New Lenox, IL
$21,125,000
Units
219
Asset Type
MultiFamily
Closing
Sep 13, 2022
About this deal
AI
Located at 232 N. Prairie Rd in New Lenox, IL, this multifamily property comprises 220 units. The property was involved in a closed transaction, with a loan amount of $21,125,000. The loan was a construction loan, specifically a C-PACE Financing. The deal took place on September 14, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,125,000
- Market: New Lenox, IL
- Units: 220
- Loan Terms: Construction Loan
- Loan Type: C-PACE Financing
Inland Green Capital LLC, represented by Jason Stringer, is the landlord of this property. Jason Stringer serves as the landlord's representative in this deal.
Players
New Lenox 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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93