Updated Mar 11, 2025
Alliant Credit Union Provides $39M Loan For Multifamily Property In Naperville
704 Greenwood Circle, Naperville, IL, USA
$39,000,000
$50/SF
Building Size
771,012 SF
Asset Type
MultiFamily
Closing
Jan 4, 2021
About this deal
AI
The multifamily property located at 704 Greenwood Circle in Naperville has recently undergone a closed transaction. The loan for this property was provided by Alliant Credit Union, with Tim Madigan representing the lender. The loan amount for this transaction was $39,000,000. Grandbridge Real Estate Capital LLC, represented by Brett Olson and Joe Lindberg, served as the brokers in this deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Lender: Alliant Credit Union - Tim Madigan
- Brokers: Brett Olson & Joe Lindberg - Grandbridge Real Estate Capital LLC
The individuals and companies involved in this transaction include Tim Madigan from Alliant Credit Union, and the brokers Brett Olson and Joe Lindberg from Grandbridge Real Estate Capital LLC. They played crucial roles in ensuring the successful completion of this closed deal.
On the Map
$39,000,000
$50/SF
MultiFamily
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Players
Naperville 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93