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
About this deal
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.
The other loan at 3510 South Halsted Street, Chicago, IL, USA in Chicago, Illinois financed for $7.4M in 2021. The building is 36,000 square feet, implying about 205 per square foot on the published price. This page is the Chicago, Illinois file for the 3510 South Halsted Street, Chicago, IL, USA other financed: pricing, party profiles, and other closed other comps from the same Chicago sit in the Market section below. Filter that Chicago other set by closing date to see what else financed near 3510 South Halsted Street, Chicago, IL, USA around 2021. Published consideration for 3510 South Halsted Street, Chicago, IL, USA is $7.4M, dated 2021. Cite this Our Revival Chicago LLC & Baum Revision LLC Secures $7.4M Loan For Theater Property At 3510-3520 S Halsted St In Chicago loan when underwriting similar other product around Chicago, Illinois.
On the Map
$7,400,000
$205/SF
Other
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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