Dwight Capital Provides $27.3M Loan For Multifamily Property In Algonquin, IL
FINANCED
$27,300,000
Illinois
See Similar DealsMultiFamily392,502 SF
Financed 07/06/2021
FINANCED
Dwight Capital Provides $27.3M Loan For Multifamily Property In Algonquin, IL
2400 Millbrook Drive, Algonquin, Illinois 60102, United States
See Similar DealsMultiFamily392,502 SF
Financed 07/06/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$69
Total Square Footage:392,502 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,300,000.00
Monthly NOI$182,000.00
Monthly Debt Service$172,554.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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