Levav Properties Secures $15M Equity Loan For The Beverley Collection Multifamily Acquisition
FINANCED
$15,000,000
Illinois
See Similar DealsMultiFamily269,800 SF
Financed 01/09/2024
FINANCED
Levav Properties Secures $15M Equity Loan For The Beverley Collection Multifamily Acquisition
MultiFamily269,800 SF
Financed 01/09/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$55
Total Square Footage:269,800 SF
Transaction Type:Loan
The Beverley Collection, a multifamily property located in Chicago, IL, has recently been involved in a loan transaction. The property spans 269,800 square feet and consists of 284 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: The Beverley Collection, Chicago, IL
- Market: Chicago, IL
- Landlord: Levav Properties
- Broker: Abe Wurzberger - SPR Group
- Loan Type: Equity
In this transaction, Levav Properties acted as the landlord for The Beverley Collection. The loan amount involved in the deal was $15,000,000, and the loan type was equity. Abe Wurzberger from the SPR Group represented Levav Properties as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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