Updated Oct 28, 2024
Bellwether Enterprise Real Estate Capital LLC Provides $60.2M Loan For Multifamily & Retail Properties In Illinois & Minnesota
Illinois, United States
$60,238,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 15, 2022
About this deal
AI
Multifamily & Retail Properties located in Illinois & Minnesota were involved in a closed property transaction. The transaction took place on 06/16/2022 and the loan amount was $60,238,000.
Summary of transaction details
- Property Type: Multifamily & Retail
- Transaction Amount: $60,238,000
The lender in this transaction was Bellwether Enterprise Real Estate Capital LLC. They were represented by Lucas Goring, Ryan Morris, Dan Rosenberg, and Matt Terpstra.
No additional information about the property or individuals involved in the transaction was provided.
The multifamily loan at Illinois, United States in Elkhart, Illinois financed for $60.2M in 2022. Illinois, United States is classified as Multifamily on Traded. Named participants on the Illinois, United States loan are Dan Rosenberg. This page is the Elkhart, Illinois file for the Illinois, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Elkhart sit in the Market section below. Filter that Elkhart multifamily set by closing date to see what else financed near Illinois, United States around 2022. Published consideration for Illinois, United States is $60.2M, dated 2022. Cite this Bellwether Enterprise Real Estate Capital LLC Provides $60.2M Loan For Multifamily & Retail Properties In Illinois & Minnesota loan when underwriting similar multifamily product around Elkhart, Illinois.
Players
Elkhart 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93