Fred Latsko Of Latsko Secures $22M Refinance Loan For Retail Asset In Chicago
1003 West Fulton Street
$22,000,000
$1,466/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Mar 24, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 1003 West Fulton Street in Chicago. A loan amount of $22,000,000.00 was secured for refinancing purposes.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $22,000,000.00
- Date: 03/24/2025
- Lender: Argentic Real Estate Finance
- Landlord: Fred Latsko - Latsko
This transaction was facilitated by Argentic Real Estate Finance as the lender providing the refinancing. Fred Latsko represents the landlord in this deal, confirming his interest in the retail property within the Chicago market.
On the Map
$22,000,000
$1,466/SF
Retail
View full map
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Fred Latsko to view all their deals.
Browse Chicago retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93