Updated Sep 11, 2026
Hanmi Bank Provides $12M Refinance Loan For Arlington Heights Multifamily Property
3400 N Old Arlington Heights Rd, Arlington Heights, IL 60004, USA
Building Size
93,380 SF
Asset Type
MultiFamily
Closing
Nov 2, 2022
About this deal
AI
The multifamily property located at 3400 N Old Arlington Heights Rd in Arlington Heights, IL has undergone a refinancing transaction. The property consists of 72 units and spans a total area of 93,380 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 3400 N Old Arlington Heights Rd, Arlington Heights, IL
- Market: Arlington Heights, IL
- Lender: Hanmi Bank
- Broker: Philip Galligan - JLL
- Loan Type: Refinance
Philip Galligan from JLL represented the buyer in securing the refinancing loan from Hanmi Bank.
On the Map
MultiFamily
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Players
Arlington Heights MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93