Cedar Street Companies Acquires 342-Unit Multifamily Property In Chicago For $81.7M

The loan transaction involving the multifamily property located at 5050 N. Broadway Avenue in Chicago has taken place. The property consists of 342 units and has been financed by Cedar Street Companies, with Erik Larson representing the company. The loan amount for this transaction is $81,700,000, and the terms of the loan include a 12-year term with only interest payments required for the first six years.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $81,700,000
• Lender: Cedar Street Companies - Erik Larson
• Broker: Craig Foreman - PGIM Real Estate

Representing the lender, Cedar Street Companies, is Erik Larson. The broker involved in the transaction is Craig Foreman from PGIM Real Estate.