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North Thatcher Avenue

Wells Fargo Provides $43,300,000 Refinance Loan For Multifamily Asset In River Grove IL
FINANCEDMultiFamily

Wells Fargo Provides $43,300,000 Refinance Loan For Multifamily Asset In River Grove IL

$43,300,000

Building Size

Asset Type

MultiFamily

Closing

May 3, 2026

AI

The asset involved in this transaction is a multifamily property located at North Thatcher Avenue in River Grove, IL. The loan amount secured for this refinance transaction is $43,300,000.

Summary of transaction details:

The transaction is supported by the expertise of the landlord's representatives from Arrow Real Estate Advisors, highlighting the roles of Morris Betesh, Jacob Petrovic, and Omar Ferreira in facilitating the refinance deal with Wells Fargo.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.6B

vol

219 deals

Broker
Wells Fargo
Wells FargoLender

River Grove 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

0.37%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93