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2400 North Kedzie Boulevard

Lument Provides $3.85 Million Refinance Loan For 24-Unit Multifamily Asset In Chicago
FINANCEDMultiFamily

Lument Provides $3.85 Million Refinance Loan For 24-Unit Multifamily Asset In Chicago

2400 North Kedzie Boulevard

$3,850,000

Building Size

Asset Type

MultiFamily

Closing

Mar 8, 2026

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.

Players

Anthony Longo

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker
Lument
LumentLender

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