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Northwind Group Provides $60M Bridge Loan For Chicago Office Building On South Canal Street

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FINANCED
$60,000,000
Rael Gervis
+ 1

Illinois

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Office700,000 SF
Financed 02/03/2022
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FINANCED

Northwind Group Provides $60M Bridge Loan For Chicago Office Building On South Canal Street

801 South Canal Street, Chicago, Illinois 60607, United States

See Similar Deals
Office700,000 SF
Financed 02/03/2022
Rael Gervis
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:700,000 SF
Transaction Type:Loan

801 South Canal Street, an office property located in Chicago, IL, recently secured a $60,000,000 bridge loan. The loan was provided by Northwind Group, represented by Ran Eliasaf and Gabriel Hamani. The landlord, The 601W Companies, was represented by Michael Silberberg, Victor Gerstein, Mark Karasick, and Harry Skydell. The transaction was facilitated by Rael Gervis and Eliezer Finkel of Meridian Capital Group.

Summary of transaction details:

  • Property Type: Office
  • Loan Amount: $60,000,000
  • Address: 801 South Canal Street, Chicago, IL
  • Lender: Northwind Group - Ran Eliasaf & Gabriel Hamani
  • Landlord: The 601W Companies - Michael Silberberg, Victor Gerstein, Mark Karasick & Harry Skydell
  • Brokers: Rael Gervis & Eliezer Finkel - Meridian Capital Group

Please contact [email protected] with opportunities.

Players

Rael Gervis
22 deals$1.1B volume
BROKER

Eliezer Finkel
Meridian Capital Group
13 deals$300.5M volume
BROKER

Lionheart Strategic Management
LENDER

Bank OZK
LENDER



4 deals$1B volume
LANDLORD

2 deals$1B volume
LANDLORD

2 deals$1B volume
LANDLORD

Details

FINANCED
IMAGE: Rael Gervis, Ran Eliasaf, Gabriel Hamani & Eliezer Finkel DATE: 02/03/2022 ADDRESS: 801 South Canal Street MARKET: Chicago, IL ASSET TYPE: Office LENDER: Northwind Group - Ran Eliasaf & Gabriel Hamani LANDLORD: The 601W Companies - Michael Silberberg, Victor Gerstein, Mark Karasick & Harry Skydell BROKERS: Rael Gervis & Eliezer Finkel - Meridian Capital Group LOAN AMOUNT: $60,000,000 LOAN TYPE: Bridge Loan NOTE FROM LENDER: Please contact [email protected] with opportunities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,000,000.00

Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00