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Fifield Companies Secures $177M Loan For Multifamily Property In Chicago

Property Image
FINANCED
$177,000,000

Illinois

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MultiFamily
Financed 06/07/2022
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Property Image
FINANCED

Fifield Companies Secures $177M Loan For Multifamily Property In Chicago

727 West Madison Street, Chicago, Illinois 60612, United States

See Similar Deals
MultiFamily
Financed 06/07/2022
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Steve Fifield DATE: 06/07/2022 ADDRESS: 727 West Madison St MARKET: Chicago ASSET TYPE: Multifamily ~ UNITS: 492 LANDLORD: Fifield Companies - Steve Fifield LOAN AMOUNT: $177,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$177,000,000.00

Monthly NOI$1,180,000.00
Monthly Debt Service$1,118,760.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00