Icarus Investment Group Refinances South Side Chicago Multifamily Portfolio With $73.4M Loan From Lument
FINANCED
$73,400,000
Illinois
See Similar DealsMultiFamily
Financed 12/21/2022
FINANCED
Icarus Investment Group Refinances South Side Chicago Multifamily Portfolio With $73.4M Loan From Lument
South Side, Chicago, Illinois, United States
See Similar DealsMultiFamily
Financed 12/21/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily portfolio located in the South Side of Chicago has been refinanced with a loan amount of $73,400,000. The property involved in this transaction is owned by Icarus Investment Group and consists of multiple residential units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $73,400,000
- Market: South Side, Chicago
The lender for this refinancing loan is Lument, represented by Nicholas Diamond. The loan terms include a 10-year term, with five years of interest only, and a 35-year amortization schedule. Jonathan Bodner from Two Bins Capital served as the broker in this transaction.
Note: No further details available regarding the specific address or any additional parties involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$73,400,000.00
Monthly NOI$489,333.33
Monthly Debt Service$463,937.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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