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Marcus & Millichap Capital Corp brokers loan for $10,600,000 in Chicago
FINANCED

Marcus & Millichap Capital Secures $10.6M Loan For Beverly & Ashburn Multifamily Portfolio Acquisition

Marcus & Millichap Capital Corp brokers loan for $10,600,000 in Chicago

MultiFamily
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Summary

Loan
ILLINOIS
MultiFamily

Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.6 million loan for the acquisition of a portfolio of six multifamily properties in Chicago's Beverly and Ashburn neighborhoods. The multifamily portfolio consists of 118 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,600,000
  • Address: Beverly & Ashburn, Chicago
  • Market: Beverly & Ashburn, Chicago
  • Loan Type: Acquisition Loan
  • Loan Details: 24-month loan, fixed interest rate, 75% loan-to-cost ratio

The loan was secured by Dean Giannakopoulos of MMCC, who represented the buyer in the deal.

NOTE: Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.6 million loan for the acquisition of a portfolio of six multifamily properties in Chicago's Beverly and Ashburn neighborhoods. Dean Giannakopoulos of MMCC secured the 24-month loan with a fixed interest rate and a 75 percent loan-to-cost ratio.

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Dean Giannakopoulos's profile picture
Dean Giannakopoulos
Marcus & Millichap-image
Senior Vice President
$25.1M Sold

Details

Deal Summary
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FINANCED
IMAGE: Dean Giannakopoulos DATE: 05/31/2023 ADDRESS: Multifamily Portfolio MARKET: Beverly & Ashburn, Chicago ASSET TYPE: Multifamily ~ UNITS: 118 BROKER: Dean Giannakopoulos - Marcus & Millichap Capital Corp (@MMCapCorp) LOAN AMOUNT: $10,600,000 LOAN TYPE: Acquisition Loan24-month loan, which features a fixed interest rate and a loan-to-cost ratio of 75 percent NOTE: Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.6 million loan for the acquisition of a portfolio of six multifamily properties in Chicago's Beverly and Ashburn neighborhoods. Dean Giannakopoulos of MMCC secured the 24-month loan with a fixed interest rate and a 75 percent loan-to-cost ratio.

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AddressMarcus & Millichap Capital Corp brokers loan for $10,600,000 in Chicago

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