JPMorgan Chase Provides $830 Million Loan For Office Building At 433 W. Van Buren St, Chicago
FINANCED
$830,000,000
Illinois
See Similar DealsOffice42,620 SF
Financed 01/03/2022
FINANCED
JPMorgan Chase Provides $830 Million Loan For Office Building At 433 W. Van Buren St, Chicago
433 West Van Buren Street, Chicago, IL 60607
See Similar DealsOffice42,620 SF
Financed 01/03/2022
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$19,474
Total Square Footage:42,620 SF
Transaction Type:Loan
Located at 433 W. Van Buren St in Chicago, this office property has recently been involved in a closed transaction. The transaction took place on January 3, 2022, and the asset type is Office. The property is owned by 601W Cos and the lending institution involved in the deal is JPMorgan Chase. The loan amount for this transaction is $830,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $830,000,000
- Date: January 3, 2022
- Address: 433 W. Van Buren St
- Market: Chicago
- Lender: JPMorgan Chase
- Landlord: 601W Cos
Jamie Dimon, the Chairman and CEO of JPMorgan Chase, has played a significant role in this transaction as the lender's representative. His involvement highlights the importance and prestige of this deal for both parties.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$830,000,000.00
Monthly NOI$5,533,333.33
Monthly Debt Service$5,246,164.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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