Eugene Rutenberg Of Celestial Fund Secures $25 Million Acquisition Loan For Multifamily In Chicago
FINANCED
$25,000,000
Illinois
See Similar DealsMultiFamily85,652 SF
Financed 12/05/2025
FINANCED
Eugene Rutenberg Of Celestial Fund Secures $25 Million Acquisition Loan For Multifamily In Chicago
1980 North Milwaukee Avenue
See Similar DealsMultiFamily85,652 SF
Financed 12/05/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$291
Total Square Footage:85,652 SF
Transaction Type:Loan
The property asset involved in the transaction is a multifamily unit located at 1980 North Milwaukee Avenue in Chicago, IL. The asset encompasses a total square footage of 85,652 and comprises 132 units. The loan amount for the acquisition is $25,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 1980 North Milwaukee Avenue
- Market: Chicago, IL
- Square Footage: 85,652
- Units: 132
- Loan Type: Acquisition
The key individuals involved in the transaction include Eugene Rutenberg, who represents Celestial Fund as the broker in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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