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Icarus Investment Group Refinances South Side Chicago Multifamily Portfolio With $73.4M Loan From Lument

Lument completes $73,400,000 loan in South Side, Chicago
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This MultiFamily property located in IL received a loan of $73,400,000 about 1 year ago. The broker of the deal was Jonathan "Jon" Bodner

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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Deals
  • Location
    South Side, Chicago, Illinois, United StatesSouth Side, Chicago, Illinois, United States
  • Loan Value
    $73,400,000$73,400,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Jonathan "Jon" Bodner

Jonathan "Jon" Bodner

Deals6
Financed$341.5M

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Deal Summary

LOAN IMAGE: Jonathan Bodner & Nicholas Diamond DATE: 12/21/2022 ADDRESS: Portfolio MARKET: South Side, Chicago ASSET TYPE: Multifamily LENDER: Lument - Nicholas Diamond BROKER: Jonathan Bodner - Two Bins Capital SPONSOR: Icarus Investment Group LOAN AMOUNT: $73,400,000 LOAN TYPE: Refinancing Loan LOAN TERMS: 10-year term, with five years interest only, and 35-year amortization

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Lument completes $73,400,000 loan in South Side, Chicago

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