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

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FINANCED
$15,000,000

Illinois

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MultiFamily269,800 SF
Financed 01/09/2024
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Property Image
FINANCED

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

MultiFamily269,800 SF
Financed 01/09/2024
Contact now

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.

Players

Abe Wurzberger
6 deals$160.3M volume(718) 869-2829
BROKER

Details

FINANCED
IMAGE: 01/09/2024 ADDRESS: The Beverley Collection MARKET: Chicago, IL ASSET TYPE: Multifamily ~ SF: 269,800 ~ UNITS: 284 LANDLORD: Levav Properties BROKER: Abe Wurzberger (@AbeWurzberger) - SPR Group LOAN AMOUNT: $15,000,000 LOAN TYPE: Equity

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Deal Type
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