Pembrook Capital Provides $29M Acquisition Loan For Cano 2 Portfolio In Chicago
FINANCED
$29,017,000
Illinois
See Similar DealsMultiFamily
Financed 12/15/2021
FINANCED
Pembrook Capital Provides $29M Acquisition Loan For Cano 2 Portfolio In Chicago
Chicago, Illinois, United States
See Similar DealsMultiFamily
Financed 12/15/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan
The Cano 2 Portfolio, located in Chicago, is a multifamily and commercial property with a total of 311 units. The property was recently involved in a closed transaction.
Summary of transaction details
- Property Type: Multifamily & Commercial
- Transaction Amount: $29,017,000
- Market: Chicago
- Lender: Pembrook Capital Management LLC - Stuart Boesky
- Landlord: Icarus Investments Group
- Loan Type: Acquisition Loan
Stuart Boesky from Pembrook Capital Management LLC served as the lender in the transaction, providing an acquisition loan of $29,017,000. The landlord for the Cano 2 Portfolio is Icarus Investments Group.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,017,000.00
Monthly NOI$193,446.67
Monthly Debt Service$183,407.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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