Updated Sep 11, 2026
Brandon Moulton Brett Sims & Kevin Werner Secure $26,750,000 Construction Loan For Multifamily In Downers Grove
$26,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in Downers Grove. A construction loan was secured for the amount of $26,750,000, facilitating the development or renovation of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,750,000
- Loan Type: Construction
- Originator: Brandon Moulton, Brett Sims & Kevin Werner - Renovo Financial
- Date of Transaction: 08/21/2026
The deal was orchestrated by Brandon Moulton, Brett Sims, and Kevin Werner, who represent Renovo Financial as the originators of the loan. Their involvement underscores the financial arrangements necessary for the multifamily development in the Downers Grove market.
Players
Market 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93