Updated May 15, 2026
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $43,300,000
- Lender: Wells Fargo
- Landlord's Representative: Morris Betesh, Jacob Petrovic & Omar Ferreira - Arrow Real Estate Advisors
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
Market 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