American Street Capital Arranges $3.9M Loan For Multifamily Property In Logan Square, Chicago

A multifamily property in Logan Square, Chicago, has recently undergone a closed transaction. The property consists of 32 units, offering a desirable living space for residents in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,900,000
• Market: Logan Square, Chicago
• Broker: Igor Zhizhin - American Street Capital

The loan for this transaction amounted to $3,900,000. The terms of the loan include a 20-year duration, with a 10-year fixed rate followed by a 10-year floating rate. The loan is structured with a 30-year amortization schedule, allowing for a manageable repayment plan.