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1650 W Court St

$10 Million Loan Secured For Retail Property At 1650 W Court St Kankakee
FINANCEDRetail

$10 Million Loan Secured For Retail Property At 1650 W Court St Kankakee

1650 W Court St

$10,000,000

$1,402/SF

Building Size

7,130 SF

Asset Type

Retail

Closing

Jun 5, 2025

AI

The asset involved in this transaction is a retail property located at 1650 W Court St in the Kankakee market. The total loan amount for this transaction is $10,000,000.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,000,000.00
  • Address: 1650 W Court St
  • Market: Kankakee
  • Broker: Michael J. Gefter

Michael J. Gefter represents the parties involved in this retail transaction, facilitating the loan acquisition process without further details on the landlord or other participants.

Players

Michael J. Gefter

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersBrokerage

Don Francisco

Landlord

$23.8M

vol

1 deal

Landlord

Kankakee 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93