Bellwether Enterprise Real Estate Capital LLC Secures $72M Loan For Senior Housing Portfolio In Chicago, Franklin Park, Des Plaines, Baltimore, And Newark
920 W Lawrence Ave, Chicago, IL, USA
$72,069,154
Building Size
—
Asset Type
Other
Closing
May 11, 2021
About this deal
AI
A senior housing property portfolio located in Chicago, Franklin Park, Des Plaines IL, Baltimore, MD, and Newark, NJ has been involved in a recent transaction. The properties included in this deal are situated at 920 W Lawrence Ave, 9535 W. Franklin Avenue, 1301 Ashland Ave, 501 Dolphin St, and 685 Dr Martin Luther King Jr Blvd. The transaction took place on 05/12/2021 and the loan amount associated with this deal is $72,069,154.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $72,069,154
- Market: Chicago, Franklin Park, Des Plaines IL, Baltimore, MD, and Newark, NJ
The landlord in this transaction is Bellwether Enterprise Real Estate Capital LLC, represented by Victor Agusta. Victor Agusta played a significant role in facilitating this deal.
Players
Chicago Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93