$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
About this deal
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.
The retail loan at 1650 W Court St in Kankakee, Illinois financed for $10M in 2025. The building is 7,130 square feet, implying about 1.4K per square foot on the published price. Named participants on the 1650 W Court St loan are Don Francisco, Michael J. Gefter. This page is the Kankakee, Illinois file for the 1650 W Court St retail financed: pricing, party profiles, and other closed retail comps from the same Kankakee sit in the Market section below. Filter that Kankakee retail set by closing date to see what else financed near 1650 W Court St around 2025. Published consideration for 1650 W Court St is $10M, dated 2025. Cite this $10 Million Loan Secured For Retail Property At 1650 W Court St Kankakee loan when underwriting similar retail product around Kankakee, Illinois.
Players
Kankakee Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael J. Gefter to view all their deals.
Browse Kankakee retail loans on Traded.
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