Updated Jun 19, 2025
Robert Sekula Of North Park Ventures Secures $33.85M Refinance Loan From Barclays For Multifamily Asset In Chicago
West Barry Avenue
$33,850,000
Units
115
Asset Type
MultiFamily
Closing
Jun 5, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 835-864 W Barry Ave in the Chicago market. It consists of 115 units and has an associated loan amount of $33,850,000. The loan type is a refinance structured as a 5 Year CMBS Loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,850,000
- Loan Type: Refinance
- Loan Terms: 5 Year CMBS Loan
- Lender: Barclays
- Landlord: Robert Sekula - North Park Ventures
- Brokers: Anthony Longo & Matt Ferrino - Alpha Capital CRE
The brokers representing this deal are Anthony Longo and Matt Ferrino from Alpha Capital CRE, reflecting the collaborative effort between key industry professionals to facilitate this transaction. Robert Sekula of North Park Ventures acts as the landlord in this refinancing arrangement.
On the Map
$33,850,000
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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93