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

Property Image
FINANCED
$33,850,000
Anthony Longo
Matt Ferrino

Illinois

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MultiFamily
Financed 06/05/2025
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Property Image
FINANCED

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

West Barry Avenue

See Similar Deals
MultiFamily
Financed 06/05/2025
Anthony Longo
Matt Ferrino
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

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
Anthony Longo
32 deals$954.8M volume(312) 218-4445
BROKER
Matt Ferrino
Alpha Capital CRE
Matt Ferrino
3 deals$33.9M volume
BROKER
Alpha Capital CRE
Alpha Capital CRE
BROKERAGE
Barclays Bank
Barclays Bank
LENDER
NV
North Park Ventures
LANDLORD
NV
North Park Ventures
LANDLORD

Details

FINANCED
IMAGE: Matt Ferrino, Anthony Longo & Robert Sekula DATE: 6/6/2025 ADDRESS: 835-864 W Barry Ave MARKET: Chicago ASSET TYPE: Multifamily ~ UNITS: 115 LENDER: Barclays (@BarclaysBankUS) LANDLORD: Robert Sekula - North Park Ventures BROKERS: Anthony Longo (@AnthonyJLongo) & Matt Ferrino (@MilesMMatt1) - Alpha Capital CRE (@AlphaCapitalCRE) LOAN AMOUNT: $33,850,000 LOAN TYPE: Refinance LOAN TERMS: 5 Year CMBS Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$33,850,000.00

Monthly NOI$225,666.67
Monthly Debt Service$213,955.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00