Updated Jun 18, 2026
Associated Bank Provides $14,200,000 Refinance Loan For Multifamily Property In Chicago
North Ashland Avenue
$14,200,000
Building Size
—
Asset Type
MultiFamily
Closing
May 17, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1257 North Ashland Avenue in Chicago, IL. The loan amount for this asset is $14,200,000, which is being utilized for refinancing purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,200,000
- Lender: Associated Bank
- Landlord's Representative: Morris Betesh, Omar Ferreira & Jacob Petrovic - Arrow Real Estate Advisors
- Transaction Date: 5/18/2026
Morris Betesh, Omar Ferreira, and Jacob Petrovic represent the landlord in this transaction, showcasing their expertise as brokers from Arrow Real Estate Advisors involved in facilitating the refinancing process of this multifamily property.
On the Map
$14,200,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93