Our Revival Chicago LLC & Baum Revision LLC Secures $7.4M Loan For Theater Property At 3510-3520 S Halsted St In Chicago

3510 South Halsted Street, Chicago, IL, USA

$7,400,000

$205/SF

Building Size

36,000 SF

Asset Type

Other

Closing

Nov 22, 2021

AI

The property involved in this closed transaction is a theater located at 3510-3520 South Halsted Street in Chicago. The theater has a total square footage of 36,000 square feet.

Summary of transaction details

Property Type: Theater
Transaction Amount: $7,400,000
Market: Chicago
Lender: Twain Financial Partners
Landlord: Our Revival Chicago LLC & Baum Revision LLC

The lender in this transaction is Twain Financial Partners. The landlords involved are Our Revival Chicago LLC and Baum Revision LLC.

Players

Twain Financial PartnersLender

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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93