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Associated Bank Provides $57.2M Loan For Chicago Multifamily Property

Property Image
FINANCED
$57,184,000

Illinois

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MultiFamily
Financed 10/05/2021
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Property Image
FINANCED

Associated Bank Provides $57.2M Loan For Chicago Multifamily Property

513 South Damen Avenue, Chicago, IL 60612

See Similar Deals
MultiFamily
Financed 10/05/2021
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 513 South Damen Avenue in Chicago has recently been involved in a closed transaction. The property consists of 279 units and is owned by Marquette Companies.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $57,184,000
  • Address: 513 South Damen Avenue

The loan for this transaction was provided by Elizabeth Hozian of Associated Bank. The loan amount is $57,184,000. Elizabeth Hozian represents Associated Bank in this deal.

Players

Associated Bank
Associated Bank
LENDER
MC
Marquette Companies
LANDLORD

Details

FINANCED
IMAGE: Elizabeth Hozian DATE: 10/05/2021 ADDRESS: 513 South Damen Avenue MARKET: Chicago ASSET TYPE: Multifamily ~ UNITS: 279 LENDER: Associated Bank - Elizabeth Hozian LANDLORD: Marquette Companies LOAN AMOUNT: $57,184,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$57,184,000.00

Monthly NOI$381,226.67
Monthly Debt Service$361,441.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00