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5012 North Winthrop Avenue,...

Updated Oct 29, 2024

Associated Bank & RBC Community Investments Provide $9.4M Loan For 156-unit Multifamily Property In Chicago, Owned By Mercy Housing Lakefront - Ismael Guerrero
FINANCEDMultiFamily

Associated Bank & RBC Community Investments Provide $9.4M Loan For 156-unit Multifamily Property In Chicago, Owned By Mercy Housing Lakefront - Ismael Guerrero

5012 North Winthrop Avenue, Chicago, IL, USA

$9,400,000

$1,196/SF

Building Size

7,855 SF

Asset Type

MultiFamily

Closing

Nov 16, 2020

About this deal

AI

The multifamily property located at 5012 North Winthrop Avenue in Chicago has been involved in a recent loan transaction. The property consists of 156 units and is owned by Mercy Housing Lakefront, represented by Ismael Guerrero. The loan is in the amount of $9,400,000 and was provided by Associated Bank and RBC Community Investments.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,400,000
  • Address: 5012 North Winthrop Avenue
  • Market: Chicago
  • Units: 156
  • Lender: Associated Bank & RBC Community Investments
  • Landlord: Mercy Housing Lakefront - Ismael Guerrero

Ismael Guerrero, representing Mercy Housing Lakefront, is the landlord of the multifamily property on 5012 North Winthrop Avenue. The loan for this transaction was made possible through the involvement of Associated Bank and RBC Community Investments.

Players

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $1.2K per square foot on a published $9.4M for 7,855 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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