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Will Murphy Of CEDARst Companies Secures $7.62M Construction Loan From Daniel Barrins Of Associated Bank For 40-Unit Project

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FINANCED
$7,620,000
DB
Will Murphy

Illinois

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MultiFamily
Financed
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FINANCED

Will Murphy Of CEDARst Companies Secures $7.62M Construction Loan From Daniel Barrins Of Associated Bank For 40-Unit Project

4725 North Clifton Avenue

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MultiFamily
Financed
DB
Will Murphy
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

A construction loan was provided for a five-story, 40-unit apartment project located at 4725 North Clifton Avenue in the Chicago market. This multifamily asset, situated in the Uptown Square Historic District, is designed as a transit-oriented development next to the Chicago Transit Authority Red Line Lawrence Station, which is undergoing significant modernization.

Summary of transaction details:

The deal was managed on the lending side by Daniel Barrins representing Associated Bank. Will Murphy represented CEDARst Companies as the landlord for the development project. This partnership aims to enhance housing options in the vicinity of major transit routes.

Players

Associated Bank
Associated Bank
LENDER
Will Murphy
CEDARst Companies
Will Murphy
7 deals$372.2M volume
LANDLORD

Details

FINANCED
IMAGE: Will Murphy & Daniel Barrins DATE: 03/03/2026 ADDRESS: 4725 North Clifton Avenue MARKET: Chicago ASSET TYPE: Multifamily ~ UNITS: 40 LENDER: Daniel Barrins - Associated Bank (@AssociatedBank) LANDLORD: Will Murphy - CEDARst Companies (@CedarStCo) LOAN AMOUNT: $7,620,000 LOAN TYPE: Construction NOTE: Associated Bank provided a $7.62 million construction loan to CEDARst Companies for a five-story, 40-unit transit-oriented apartment project at 4725 N. Clifton Ave. in Uptown Square Historic District. The development, managed on the lending side by Daniel Barrins, sits next to the Chicago Transit Authority Red Line Lawrence Station, which is undergoing a major modernization.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,620,000.00

Monthly NOI$50,800.00
Monthly Debt Service$48,163.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00