Updated Oct 29, 2024
Pembrook Capital Provides $29M Acquisition Loan For Cano 2 Portfolio In Chicago
Chicago, Illinois, United States
$29,017,000
Units
311
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
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.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93