CBRE Arranges $8.515M Loan For Zeegar Management's Acquisition Of Multifamily Asset In Chicago

The property involved in this transaction is a multifamily asset consisting of 46 units located at 4400 South Drexel Boulevard in the Chicago market. The acquisition loan amount secured for this property is $8,515,000 with a loan term of 5 years, facilitated by CBRE, which is also the direct agency lender involved in this deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,515,000
• Lender: CBRE
• Landlord: Zeegar Management
• Brokers: Shlomo Weissberg, Judah Hammer, Jeff Feldman, and Zach Hazen - CBRE
• Sales Broker: Lucas Fryman - Interra Realty
• Loan Type: Acquisition
• Loan Terms: 5 Years

This transaction showcases the expertise of CBRE's Targeted Affordable Housing team, which effectively navigated the property’s affordable housing program. The team, comprising Judah Hammer, Shamir Seidman, and Shlomo Weissberg from the Private Client Group, focuses on delivering tailored capital strategies backed by extensive in-house capabilities and relationships with leading capital providers nationwide.