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Peter Panagako Of Eastern Mortgage Capital Secures $24.1M Loan For 194-Unit Multifamily Property In Mahomet
FINANCED
$24,100,000
Illinois
See Similar DealsMultiFamily
Financed 01/28/2026
FINANCED
Peter Panagako Of Eastern Mortgage Capital Secures $24.1M Loan For 194-Unit Multifamily Property In Mahomet
905 East Oak Street
See Similar DealsMultiFamily
Financed 01/28/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
Solace at Mahomet is a 194-unit multifamily property located at 905 East Oak Street in the Mahomet market. The property is financed through a HUD 223(f) loan amounting to $24,100,000. The lender for this transaction is HUD-insured and is based in Massachusetts.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $24,100,000
- Lender: Peter Panagako - Eastern Mortgage Capital
- Date: 01/28/2026
- Units: 194
- Location: 905 East Oak Street, Mahomet, Illinois
Peter Panagako of Eastern Mortgage Capital originated the deal for Solace at Mahomet, providing the loan necessary for the transaction. The lender specializes in HUD-insured financing, ensuring the financial backing of the multifamily property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,100,000.00
Monthly NOI$160,666.67
Monthly Debt Service$152,328.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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