Illinois Energy Conservation Authority Acquires Medical Facility In Aurora For $3M Loan
506-532 S Lincoln Ave, Aurora, IL, USA
$3,000,000
$7/SF
Building Size
392,040 SF
Asset Type
Other
Closing
Feb 16, 2021
AI
An medical facility located at 506-532 S Lincoln Ave in Aurora has recently been involved in a loan transaction. The loan was provided by C-PACE Capital & Enhanced Capital, with a total amount of $3,000,000. The property spans across 9 acres and is owned by the Illinois Energy Conservation Authority (IECA) represented by Mark Pikus.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $3,000,000
- Address: 506-532 S Lincoln Ave, Aurora
- Market: Aurora
Mark Pikus, the representative of Illinois Energy Conservation Authority (IECA), played a key role in this loan transaction for the medical facility located at 506-532 S Lincoln Ave in Aurora. The lender, C-PACE Capital & Enhanced Capital, provided a loan amount of $3,000,000 to support this transaction. The property spans across 9 acres and is owned by Illinois Energy Conservation Authority (IECA), represented by Mark Pikus.
Players
Aurora 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93