facebook
Traded Co logo
Submit a Deal
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
clock iconFinanced 343 days ago
the dealplayerscompscontact
share iconContact now

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.

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

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

Details

Deal Summary
minus icon
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.

View on map

Loading...

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

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want