Meridian Capital Group Facilitates $52M Multifamily Refinance In River Grove, IL
FINANCED
$52,000,000
Illinois
See Similar DealsMultiFamily254,300 SF
Financed 04/26/2024
FINANCED
Meridian Capital Group Facilitates $52M Multifamily Refinance In River Grove, IL
MultiFamily254,300 SF
Financed 04/26/2024
Summary
Asset Type:MultiFamily
Price Per Square Foot:$204
Total Square Footage:254,300 SF
Transaction Type:Loan
The transaction involved a multifamily property in River Grove, IL, with a square footage of 254,300. The loan amount for the refinance was $52,000,000. The deal was facilitated by brokers Omar Ferreira, Morris Betesh, and Jacob Petrovic from Meridian Capital Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Market: River Grove, IL
- Brokers: Omar Ferreira, Morris Betesh & Jacob Petrovic - Meridian Capital Group
Unique individuals involved in the transaction included the brokers Omar Ferreira, Morris Betesh, and Jacob Petrovic from Meridian Capital Group.
Players
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,000,000.00
Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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