Cambridge Realty Capital Provides $7.8M Loan For Medical Facility In Chicago
255 West 69th Street, Chicago, IL 60621
$7,836,900
Building Size
—
Asset Type
Other
Closing
Sep 1, 2021
About this deal
AI
A medical facility located at 255 W 69th St in Chicago has recently been involved in a closed property transaction. The transaction took place on 09/01/2021 and the property was sold for a loan amount of $7,836,900. The facility consists of 225 beds and is owned by Jeffrey A. Davis.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $7,836,900
- Address: 255 W 69th St, Chicago
- Date: 09/01/2021
- Market: Chicago
- Beds: 225
Cambridge Realty Capital Companies, represented by Jeffrey A. Davis, provided the loan for the transaction. The loan terms include a fully amortized, 40-year loan.
Players
Chicago Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93