Updated Oct 28, 2024
Associated Bank Provides $57.2M Loan For Chicago Multifamily Property
513 South Damen Avenue, Chicago, IL 60612
$57,184,000
Units
279
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
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.
The multifamily loan at 513 South Damen Avenue, Chicago, IL 60612 in Chicago, Illinois financed for $57.2M in 2021. Reported inventory is 279 units across 279 units. This page is the Chicago, Illinois file for the 513 South Damen Avenue, Chicago, IL 60612 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else financed near 513 South Damen Avenue, Chicago, IL 60612 around 2021. Published consideration for 513 South Damen Avenue, Chicago, IL 60612 is $57.2M, dated 2021. Cite this Associated Bank Provides $57.2M Loan For Chicago Multifamily Property loan when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93