Dwight Capital Secures $47M Multifamily Loan On 300-Unit Property In South Elgin, IL
FINANCED
$47,000,000
Illinois
See Similar DealsMultiFamily700 SF
Financed 06/04/2020
FINANCED
Dwight Capital Secures $47M Multifamily Loan On 300-Unit Property In South Elgin, IL
350 West Oakdale Avenue, Chicago, IL, USA
See Similar DealsMultiFamily700 SF
Financed 06/04/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$67,142
Total Square Footage:700 SF
Transaction Type:Loan
350 Gyorr Avenue in South Elgin, IL is the subject property in a recent closed transaction. The property is a multifamily asset comprising of 300 units spread across 16.5 acres. The transaction took place on 06/04/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Address: 350 Gyorr Avenue, South Elgin, IL
- Market: South Elgin, IL
- Lender: Dwight Capital - Josh Sasouness, Adam Sasouness & Kevin Lifshitz
- Loan Amount: $47,000,000
- Units: 300
- Acres: 16.5
The transaction involved Josh Sasouness, Adam Sasouness, and Kevin Lifshitz representing Dwight Capital as the lenders in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,000,000.00
Monthly NOI$313,333.33
Monthly Debt Service$297,071.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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