FINANCED
Cedar Street Companies Acquires 342-Unit Multifamily Property In Chicago For $81.7M
5050 North Broadway Avenue
MultiFamily
300,000 SF
300,000 SF
Financed 1 year ago
Summary
Loan
ILLINOIS
MultiFamily
300,000 sqft
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.
Players
All
2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Erik Larson & Craig Foreman
DATE: 12/16/2020
ADDRESS: 5050 N. Broadway Avenue
MARKET: Chicago
ASSET TYPE: Multifamily
UNITS: 342
LENDER: Cedar Street Companies - Erik Larson
BROKER: Craig Foreman - PGIM Real Estate
LOAN AMOUNT: $81,700,000
LOAN TERMS: 12-year term and requires only interest payments for the first six yearsView on map
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Address5050 North Broadway Avenue
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