HUD Financing Provides $38.4M Loan For Medical Facilities In Palatine, Waukegan, Chicago, & Elgin
FINANCED
$38,400,000
Illinois
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Financed 10/03/2020
FINANCED
HUD Financing Provides $38.4M Loan For Medical Facilities In Palatine, Waukegan, Chicago, & Elgin
24 South Plum Grove Road
See Similar DealsOther
Financed 10/03/2020
Summary
ILLINOIS
Asset Type:Other
Transaction Type:Loan
Four medical facilities located at 24 S. Plum Grove Road, 2217 Washington Street, 5888 N. Ridge Avenue, and 50 N. Jane Drive have been involved in a recent transaction. These properties are situated in the markets of Palatine, Waukegan, Chicago, and Elgin. The loan for this transaction was obtained through HUD Financing, amounting to $38,400,000. Joshua Rosen, representing Walker & Dunlop, acted as the broker in this deal.
Summary of transaction details
- Property Type: Medical Facilities
- Transaction Amount: $38,400,000
- Address: 24 S. Plum Grove Road, 2217 Washington Street, 5888 N. Ridge Avenue, and 50 N. Jane Drive
- Market: Palatine, Waukegan, Chicago, and Elgin
- Lender: HUD Financing
Joshua Rosen from Walker & Dunlop played a crucial role as the broker in this transaction. Through their representation, the loan was successfully secured for the medical facilities deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,400,000.00
Monthly NOI$256,000.00
Monthly Debt Service$242,714.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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