Updated Oct 28, 2024
Mesa West Capital Provides $85.2M Loan For Multifamily Property In Chicago
811 West Agatite Avenue, Chicago, IL 60640, USA
$85,200,000
$6,244/SF
Building Size
13,644 SF
Asset Type
MultiFamily
Closing
Jul 9, 2021
About this deal
AI
A multifamily property located at 811 W. Agatite Ave in Chicago was recently involved in a transaction. The property consists of 381 units and has been a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $85,200,000
- Address: 811 W. Agatite Ave
- Market: Chicago
The lender for this transaction was Mesa West Capital, represented by Jeff Friedman. The landlord entities involved in the deal were JDL, Harlem Irving Cos., and Funds.
This transaction was a noteworthy collaboration between Mesa West Capital and the landlord entities. It highlights the strong presence and expertise of Jeff Friedman in securing loans for multifamily properties. The loan amount of $85,200,000 played a crucial role in the completion of this transaction.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93