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Illinois Energy Conservation Authority Acquires Medical Facility In Aurora For $3M Loan

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FINANCED
$3,000,000

Illinois

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Other392,040 SF
Financed 02/17/2021
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Property Image
FINANCED

Illinois Energy Conservation Authority Acquires Medical Facility In Aurora For $3M Loan

506-532 S Lincoln Ave, Aurora, IL, USA

See Similar Deals
Other392,040 SF
Financed 02/17/2021
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Other
Price Per Square Foot:$7
Total Square Footage:392,040 SF
Transaction Type:Loan

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

Enhanced Capital
Enhanced Capital
LENDER
MP
Mark Pikus
2 deals$13.9M volume
LANDLORD

Details

FINANCED
IMAGE: Mark Pikus DATE: 02/17/2021 ADDRESS: 506-532 S Lincoln Ave MARKET: Aurora ASSET TYPE: Medical Facility LENDER: C-PACE Capital & Enhanced Capital LANDLORD: Illinois Energy Conservation Authority (IECA) - Mark Pikus LOAN AMOUNT: $3,000,000 ACRES: 9

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00