HUD Financing Provides $38.4M Loan For Medical Facilities In Palatine, Waukegan, Chicago, & Elgin
24 South Plum Grove Road
$38,400,000
Building Size
—
Asset Type
Other
Closing
Oct 3, 2020
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93