Daily limit: 0/10
Tucker Development And Wingspan Development Group Secures $133 Million Loan For Multifamily Property In Skokie
FINANCED
$133,000,000
Illinois
See Similar DealsMultiFamily
Financed 06/10/2026
FINANCED
Tucker Development And Wingspan Development Group Secures $133 Million Loan For Multifamily Property In Skokie
5424 Old Orchard Road
See Similar DealsMultiFamily
Financed 06/10/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
The Henry at Harms Woods is a 294-unit Class A multifamily property located at 5424 Old Orchard Road in Skokie, Illinois. The asset, which includes retail space, has undergone a recapitalization with a loan amount of $133,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $133,000,000
- Units: 294
- Address: 5424 Old Orchard Road
- Market: Skokie, IL
- Landlords: Richard Tucker - Tucker Development, Nick Papanicholas Jr - Wingspan Development Group
- Brokers: Daniel Rosenberg & Logan Petersmeyer - BWE
- Loan Type: Recapitalization
The financing, arranged by BWE, was provided by an institutional bank lender. This arrangement aims to lower the project's capital costs while the development continues its lease-up process towards stabilization.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$133,000,000.00
Monthly NOI$886,666.67
Monthly Debt Service$840,650.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions