Updated Apr 7, 2026
Lument Provides $3.85 Million Refinance Loan For 24-Unit Multifamily Asset In Chicago
2400 North Kedzie Boulevard
$3,850,000
Units
24
Asset Type
MultiFamily
Closing
Mar 8, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 2400 North Kedzie Boulevard in Chicago, featuring 24 units. The loan amount secured for this property is $3,850,000 under a refinance loan type with a term of 5 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Loan Type: Refinance
- Loan Terms: 5 Years
- Address: 2400 North Kedzie Boulevard
- Market: Chicago
- Lender: Lument
- Broker: Anthony Longo - Alpha Capital
Key individuals and companies involved in this transaction include Lument as the lender providing the loan and Anthony Longo from Alpha Capital, representing the broker for this multifamily property refinancing deal.
On the Map
$3,850,000
MultiFamily
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Players
Chicago 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93