Kawa Capital Management Provides $15M Construction Loan For Multifamily & Office Development
FINANCED
$15,000,000
Illinois
See Similar DealsOffice280,000 SF
Financed 11/16/2021
FINANCED
Kawa Capital Management Provides $15M Construction Loan For Multifamily & Office Development
808 North Cleveland Avenue, Chicago, IL 60610
See Similar DealsOffice280,000 SF
Financed 11/16/2021
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$53
Total Square Footage:280,000 SF
Transaction Type:Loan
An loan transaction for the property located at 808 N. Cleveland Ave in Chicago has taken place. The property is a multifamily and office development with a total square footage of 280,000.
Summary of transaction details
- Property Type: Multifamily & Office Development
- Transaction Amount: $15,000,000
- Market: Chicago
- Lender: Kawa Capital Management - Michael Corridan
- Loan Type: Construction
- Date: 11/16/2021
The loan for this transaction was provided by Kawa Capital Management, with Michael Corridan serving as the representative. The loan amount was $15,000,000, and it was a construction loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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