Cornerstone Capital Of NY Secures $1.2M Refinance Loan For 14-Unit Multifamily In Humboldt Park, Chicago

The property involved in this transaction is a multifamily asset located at 3752 West Huron Street in Humboldt Park, Chicago. The property spans approximately 8,276 square feet and consists of 14 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,207,500
• Market: Humboldt Park, Chicago
• Lender: Waterman Capital
• Landlord: Laksh Vish
• Brokers: Russell Nova & Alexander Nemirovskiy - Cornerstone Capital of NY

Waterman Capital provided a refinancing loan of $1,207,500 for the property. The loan terms include a 5-year fixed term, a 30-year amortization period, and an interest rate of 4.1%.

Cornerstone Capital of NY, represented by Russell Nova and Alexander Nemirovskiy, secured the financing for this multifamily property. The borrower sought long-term growth and engaged the services of Cornerstone Capital to ensure the continuation of planned interior capital expenditures.

Note from Cornerstone Capital of NY: We believe in our operators and commit ourselves to their long-term growth. We have been very active in the multifamily market, working with experienced owner operators and syndicators to finance both purchases and refinances of multifamily and commercial properties. For more information, please contact Russell Nova at The Cornerstone Group of NY at 917-559-1820 (cell) or [email protected]. You can also visit their website at www.csg-ny.com. Alexander Nemirovskiy, the Senior Credit Manager, can be reached at 347-751-5232 (cell) or [email protected].