Updated Dec 21, 2023
American Street Capital Arranges $4.36M Loan For Multifamily Property In Countryside, IL
6300 Joliet Rd, Countryside, IL, USA
$4,360,000
$49/SF
Building Size
88,143 SF
Asset Type
MultiFamily
Closing
Jul 20, 2020
About this deal
AI
Igor Zhizhin of American Street Capital facilitated a loan for a multifamily property located at 6300 Joliet Rd in Countryside, IL. The loan was closed on July 20, 2021.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $4,360,000
- Loan Terms: 5-year Fixed Term, 30-year Amortization with a step-down prepayment penalty
- Broker: Igor Zhizhin - American Street Capital
The loan amount for this multifamily property was $4,360,000. The loan terms included a 5-year fixed term and a 30-year amortization schedule. The prepayment penalty had a step-down feature. Igor Zhizhin, representing American Street Capital, played a key role in facilitating this loan deal.
Countryside 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
3.64%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93