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Levav Properties Secures $1...

Levav Properties Secures $15M Equity Loan For The Beverley Collection Multifamily Acquisition
FINANCEDMultiFamily

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.

Players

Abe Wurzberger

Rosewood Realty Group

Broker

$160.3M

vol

6 deals

Broker

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