Maverick Commercial Mortgate Inc Provides $14M Mortgage Loan For Retail Property At 200 W 87th St In Chicago, IL
200 West 87th Street, Chicago, Illinois 60620, United States
$14,000,000
$135/SF
Building Size
103,550 SF
Asset Type
Retail
Closing
May 18, 2022
AI
A retail property located at 200 W 87th St in Chicago, IL was recently involved in a loan transaction. The property spans 103,550 square feet and is valued at an undisclosed amount. The loan, facilitated by Maverick Commercial Mortgage Inc, amounted to $14,000,000. It was a mortgage loan with a 10-year term, featuring a floating rate and a 25-year amortization schedule.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Address: 200 W 87th St, Chicago, IL
- Market: Chicago, IL
- Asset Type: Retail
- Square Footage: 103,550
The loan transaction was facilitated by Maverick Commercial Mortgage Inc. Rest assured, the loan terms were carefully negotiated to ensure the best possible outcome for all parties involved.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93