Maverick Commercial Arranges $2.1M Retail Loan In Naperville, IL
236 South Webster Street, Naperville, IL, USA
$2,100,000
$137/SF
Building Size
15,320 SF
Asset Type
Retail
Closing
May 26, 2020
About this deal
AI
The retail property located at 236 S. Washington St & 116 S. Webster St in Naperville, IL was involved in a closed transaction. The property spans a total of 15,320 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Market: Naperville, IL
The loan for this transaction was facilitated by Maverick Commercial. The loan amount was $2,100,000, and it featured a fixed interest rate for a five-year term. The loan had a 25-year amortization schedule. Additionally, the loan was used to pay off the existing first mortgage, establish a tax and insurance escrow, and cover closing costs.
Players
Naperville 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93