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NHP Foundation Acquires Multifamily Property In Chicago, IL For $18.3M

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FINANCED
$18,300,000

Illinois

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MultiFamily
Financed 10/05/2022
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Property Image
FINANCED

NHP Foundation Acquires Multifamily Property In Chicago, IL For $18.3M

737 East 69th Street, Chicago, Illinois 60637, United States

See Similar Deals
MultiFamily
Financed 10/05/2022
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 737 E. 69th St. in Chicago, IL has undergone a closed transaction. The property comprises 57 units, making it an attractive investment in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $18,300,000
  • Address: 737 E. 69th St., Chicago, IL
  • Market: Chicago, IL
  • Units: 57

The landlord for this property is the NHP Foundation represented by Dick Burns and Mecky Adnani. They have successfully closed the deal. The loan amount for this transaction was $18,300,000.

Details

FINANCED
IMAGE: Mecky Adnani & Dick Burns DATE: 10/05/2022 ADDRESS: 737 E. 69th St. MARKET: Chicago, IL ASSET TYPE: Multifamily ~ UNITS: 57 LANDLORD: NHP Foundation - Dick Burns & Mecky Adnani LOAN AMOUNT: $18,300,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,300,000.00

Monthly NOI$122,000.00
Monthly Debt Service$115,668.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00