Kawa Capital Management Provides $15M Construction Loan For Multifamily & Office Development
808 North Cleveland Avenue, Chicago, IL 60610
$15,000,000
$53/SF
Building Size
280,000 SF
Asset Type
Office
Closing
Nov 16, 2021
About this deal
AI
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.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93