North Park Ventures Refinances MultiFamily Property In Evanston With $12.9M Loan From Fannie Mae

The property involved in this loan transaction is located at 2730 Hampton Parkway in Evanston. It is a MultiFamily property consisting of 91 units and spanning across 90,000 square feet. The asset is owned by North Park Ventures, with Robert Sekula as the landlord. The property is situated in the Evanston market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $12,985,000
• Lender: Fannie Mae
• Landlord: North Park Ventures - Robert Sekula
• Broker: Michael Slovitt - Berkadia
• Loan Type: Refinance
• Loan Terms: 5.42% Fixed, 10 Years, 6 Years IO

In this loan transaction, Fannie Mae acted as the lender for the refinance. The broker representing this deal was Michael Slovitt from Berkadia. The loan amount for the refinance was $12,985,000, with a fixed interest rate of 5.42%. The loan terms span over a period of 10 years, with the first 6 years being interest-only.