Updated Oct 28, 2024
Dwight Capital Provides $27.3M Loan For Multifamily Property In Algonquin, IL
2400 Millbrook Drive, Algonquin, Illinois 60102, United States
$27,300,000
$69/SF
Building Size
392,502 SF
Asset Type
MultiFamily
Closing
Jul 5, 2021
About this deal
AI
The multifamily property located at 2400 Millbrook Drive in Algonquin, IL has been involved in a recent loan transaction. The property consists of 220 units and is part of the multifamily asset class. The loan was facilitated by Dwight Capital, with Brandon Baksh representing the lender.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $27,300,000
- Lender: Dwight Capital - Brandon Baksh
In this deal, Dwight Capital, represented by Brandon Baksh, provided a loan amount of $27,300,000 for the acquisition or refinancing of the multifamily property located at 2400 Millbrook Drive in Algonquin, IL. This transaction showcases the involvement of key individuals and companies in the real estate financing sector.
On the Map
$27,300,000
$69/SF
MultiFamily
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Players
Algonquin 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93