Greystone Provides $54.6M Loan For Multifamily Property In Bloomingdale
FINANCED
$54,600,000
Illinois
See Similar DealsMultiFamily1,312 SF
Financed 12/15/2020
FINANCED
Greystone Provides $54.6M Loan For Multifamily Property In Bloomingdale
348 Glenwood Drive, Bloomingdale, IL, USA
See Similar DealsMultiFamily1,312 SF
Financed 12/15/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$41,615
Total Square Footage:1,312 SF
Transaction Type:Loan
A multifamily property located at 348 Glenwood Drive in Bloomingdale has been involved in a recent transaction. The property consists of 360 units and is owned by Paul Chernawsky. The deal was facilitated by brokers Clint Darby and Phiet Nguyen from greystone''>Greystone. The transaction was financed by Greystone, with a loan amount of $54,600,000. The loan terms are set for a 35-year fixed-rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,600,000
- Address: 348 Glenwood Drive
- Market: Bloomingdale
- Units: 360
- Landlord: Paul Chernawsky
- Brokers: Clint Darby & Phiet Nguyen - Greystone
The key individuals involved in this transaction include Paul Chernawsky as the landlord and Clint Darby and Phiet Nguyen from Greystone as the brokers. They played a crucial role in facilitating the deal between the parties. The loan provided by Greystone with a 35-year fixed-rate term enabled the successful completion of this multifamily property transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$54,600,000.00
Monthly NOI$364,000.00
Monthly Debt Service$345,109.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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