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
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