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West Barry Avenue

Robert Sekula Of North Park Ventures Secures $33.85M Refinance Loan From Barclays For Multifamily Asset In Chicago
FINANCEDMultiFamily

Robert Sekula Of North Park Ventures Secures $33.85M Refinance Loan From Barclays For Multifamily Asset In Chicago

West Barry Avenue

$33,850,000

Building Size

Asset Type

MultiFamily

Closing

Jun 5, 2025

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:

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.

Players

Anthony Longo

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker
Alpha Capital CRE
Alpha Capital CREBrokerage
Barclays Bank
Barclays BankLender

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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