Updated Oct 28, 2024
Fifield Companies Secures $177M Loan For Multifamily Property In Chicago
727 West Madison Street, Chicago, Illinois 60612, United States
$177,000,000
Units
492
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
Located at 727 West Madison St in Chicago, this multifamily property consists of 492 units. The property is owned by Fifield Companies, with Steve Fifield serving as the landlord. The transaction took place on 06/07/2022, with a loan amount of $177,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $177,000,000
- Units: 492
- Address: 727 West Madison St, Chicago
- Market: Chicago
Steve Fifield, from Fifield Companies, played a key role in the transaction as the landlord. The loan amount of $177,000,000 secured the deal, allowing for the acquisition of this multifamily property in Chicago.
On the Map
$177,000,000
MultiFamily
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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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93