facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Office

/

Loan

/

433 West Van Buren Street, ...

JPMorgan Chase Provides $830 Million Loan For Office Building At 433 W. Van Buren St, Chicago
FINANCEDOffice

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

J.P. Morgan Chase
J.P. Morgan ChaseLender

Chicago Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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