Updated May 12, 2025
Alpha Capital CRE Arranges $25.5M Bridge Loan For Oak Park Multifamily Acquisition
922 North Boulevard
$25,475,000
$26/SF
Building Size
951,000 SF
Asset Type
MultiFamily
Closing
Mar 3, 2023
About this deal
AI
The asset involved in this transaction is a multifamily property located at 922 & 930 N Blvd in Oak Park, Chicago. The total asset encompasses 104 units with a total square footage of 951,000. The loan amount secured for this property is $25,475,000 under a bridge loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,475,000
- Units: 104
- Square Footage: 951,000
- Address: 922 & 930 N Blvd
- Market: Oak Park, Chicago
- Loan Type: Bridge Loan
The key individuals representing this transaction are Anthony Longo and Alison Coen from Alpha Capital CRE, who have facilitated the deal for the involved parties.
Players
Amphitheatre 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93