Updated Oct 28, 2024
Pembrook Capital Management Provides $4M Refinancing Loan For Chicago Multifamily Property
6700 South Merrill Avenue, Chicago, IL 60649, USA
$4,000,000
$1,240/SF
Building Size
3,225 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
A multifamily property located at 6700 S. Merrill Avenue in Chicago has recently undergone a refinancing transaction. The property consists of 50 units and is part of the multifamily asset type segment in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6700 S. Merrill Avenue, Chicago
- Market: Chicago
- Number of Units: 50
Pembrook Capital Management LLC, represented by Stuart Boesky & Terence Baydala, served as the lender for the refinancing deal. The loan amount for the transaction is approximately $4,000,000.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93