BMO Provides $13.5 Million Refinance Loan For Oak Brook Office Property By Anthony Longo
814 Commerce Drive
$13,500,000
$78/SF
Building Size
173,027 SF
Asset Type
Office
Closing
Oct 16, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 814 Commerce Drive in Oak Brook, comprising a total square footage of 173,027. The loan amount secured for this asset is $13,500,000, which is part of a refinance deal with a loan term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,500,000
- Lender: BMO
- Broker: Anthony Longo - Alpha Capital
- Loan Type: Refinance
- Loan Terms: 5 Year
The deal was facilitated by Anthony Longo, who represented the financing arrangements for the transaction. The involvement of BMO as the lender underscores the financial backing for this office asset.
On the Map
$13,500,000
$78/SF
Office
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Players
Oak Brook 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93