Alpha Capital CRE Provides $8M Loan For Retail Property Acquisition In Downers Grove
FINANCED
$8,000,000
Illinois
See Similar DealsRetail187,019 SF
Financed 12/22/2020
FINANCED
Alpha Capital CRE Provides $8M Loan For Retail Property Acquisition In Downers Grove
2003 63rd Street, Downers Grove, IL, USA
See Similar DealsRetail187,019 SF
Financed 12/22/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$42
Total Square Footage:187,019 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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