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
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
Loading comparables…
Deal FAQ
Browse Illinois multifamily loans on Traded.
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