Levav Properties Secures $15M Equity Loan For The Beverley Collection Multifamily Acquisition
$15,000,000
$55/SF
Building Size
269,800 SF
Asset Type
MultiFamily
Closing
Jan 9, 2024
AI
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.
Alvin 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93