Alpha Capital CRE Provides $8M Loan For Retail Property Acquisition In Downers Grove
2003 63rd Street, Downers Grove, IL, USA
$8,000,000
$42/SF
Building Size
187,019 SF
Asset Type
Retail
Closing
Dec 21, 2020
About this deal
AI
The retail property located at 2003-2153 63rd Street in Downers Grove was involved in a loan transaction on December 22, 2020. The loan amount was $8,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
The lender in this transaction was Alpha Capital CRE, represented by Anthony Longo. The landlord of the property is Frontline Real Estate Partners.
The retail loan at 2003 63rd Street, Downers Grove, IL, USA in Downers Grove, Illinois financed for $8M in 2020. The building is 187,019 square feet, implying about 42 per square foot on the published price. Alpha Capital CRE appears on the loan alongside Alpha Capital CRE. This page is the Downers Grove, Illinois file for the 2003 63rd Street, Downers Grove, IL, USA retail financed: pricing, party profiles, and other closed retail comps from the same Downers Grove sit in the Market section below. Filter that Downers Grove retail set by closing date to see what else financed near 2003 63rd Street, Downers Grove, IL, USA around 2020. Published consideration for 2003 63rd Street, Downers Grove, IL, USA is $8M, dated 2020. Cite this Alpha Capital CRE Provides $8M Loan For Retail Property Acquisition In Downers Grove loan when underwriting similar retail product around Downers Grove, Illinois.
Players
Downers Grove 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93