Trevian Capital Provides $10.4M Refinance Loan For Retail Property On 1419 N Wells St In Chicago
1419 23 N Wells St, Chicago, Illinois 60610, United States
$10,400,000
$607/SF
Building Size
17,110 SF
Asset Type
Retail
Closing
Jan 24, 2022
About this deal
AI
1419 N Wells St, a retail property located in Chicago, was recently involved in a closed transaction. The property spans a total of 17,110 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 01/25/2022
- Address: 1419 N Wells St, Chicago
- Market: Chicago
- Asset Type: Retail
- Square Footage: 17,110
The loan for this transaction was provided by Trevian Capital, with a loan amount of $10,400,000. The loan was a refinance type. The lender's representative in this deal was Michael Hoffenberg from Trevian Capital. Gershon Friedman from Meridian Capital Group represented the buyer as the broker.
On the Map
$10,400,000
$607/SF
Retail
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Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93