facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Loan

/

44-46 North Mason Avenue

Updated Apr 15, 2026

Matthew Bowker Of Lodge Financial Provides $3,157,000 Refinance Loan For Multifamily Portfolio In Chicago
FINANCEDMultiFamily

Matthew Bowker Of Lodge Financial Provides $3,157,000 Refinance Loan For Multifamily Portfolio In Chicago

44-46 North Mason Avenue, 112 North Mason Avenue, 150 North Mayfield Avenue & 60 North Mason Avenue

$3,157,000

Units

6

Asset Type

MultiFamily

Closing

Apr 9, 2026

About this deal

AI

The asset involved in this transaction is a multifamily property comprising four buildings with a total of 38 units. Located at 44-46 North Mason Avenue, 112 North Mason Avenue, 150 North Mayfield Avenue, and 60 North Mason Avenue in the Chicago market, the portfolio has an estimated market value of approximately $4.51 million.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,157,000
  • Lender: Matthew Bowker - Lodge Financial
  • Landlord: Jaynish Patel & Tedi Nati
  • Loan Type: Refinance
  • Loan Terms: 5 years term, 6.16% interest rate, 70% loan to value, 30 years amortization

This transaction involved pivotal figures, including Matthew Bowker, who represented Lodge Financial in providing the refinancing solution. The financing facilitated Jaynish Patel and Tedi Nati’s refinancing needs following the extensive renovation and rent growth experienced in less than 24 months of ownership. Lodge Financial's structuring of the loan allowed for 70% cash out refinance against the new market value, with no prepayment penalties, ensuring continued flexibility for the borrowers.

On the Map

Open live map

$3,157,000

MultiFamily

View full map

Players

Matthew Bowker

Lodge Financial

Lender

$26.8M

vol

7 deals

Lender
Lodge Financial
Lodge FinancialLender
Bilt advertisement

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $526.2K per unit across 6 units on a published $3.2M (2026).

Visit Matthew Bowker to view all their deals.

Browse Chicago multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.02%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets