JPMorgan Chase Provides $830 Million Loan For Office Building At 433 W. Van Buren St, Chicago
433 West Van Buren Street, Chicago, IL 60607
$830,000,000
$19,474/SF
Building Size
42,620 SF
Asset Type
Office
Closing
Jan 3, 2022
AI
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.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93