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Maverick Commercial Mortgate Inc Provides $14M Mortgage Loan For Retail Property At 200 W 87th St In Chicago, IL

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FINANCED
$14,000,000

Illinois

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Retail103,550 SF
Financed 05/19/2022
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Property Image
FINANCED

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

See Similar Deals
Retail103,550 SF
Financed 05/19/2022
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$135
Total Square Footage:103,550 SF
Transaction Type:Loan

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.

Players

Ben Kadish
Maverick Commercial Mortgage
Ben Kadish
9 deals$131.7M volume
BROKER

Details

FINANCED
IMAGE: Ben Kadish DATE: 05/19/2022 ADDRESS: 200 W 87th St MARKET: Chicago, IL ASSET TYPE: Retail ~ SF: 103,550 BROKER: Maverick Commercial Mortgage Inc LOAN AMOUNT: $14,000,000 LOAN TYPE: Mortgage Loan LOAN TERMS: 10-year, floating-rate loan, which features a 25-year amortization schedule

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,000,000.00

Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00