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Marcus & Millichap Capital Secures $4.1M Loan For Carillon Court Retail In Romeoville
FINANCED
$4,100,000
Illinois
See Similar DealsRetail29,891 SF
Financed 07/22/2025
FINANCED
Marcus & Millichap Capital Secures $4.1M Loan For Carillon Court Retail In Romeoville
444 Weber Road
See Similar DealsRetail29,891 SF
Financed 07/22/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$137
Total Square Footage:29,891 SF
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 444 Weber Road in Romeoville, Illinois. This property encompasses a total square footage of 29,891 and is part of the Romeoville market. The financing secured for this property stands at $4,100,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Loan Terms: 3-year loan with a market interest rate, one year of interest only, and a 25-year amortization schedule.
- Broker: Dean Giannakopoulos - Marcus & Millichap
The deal included financing secured by Marcus & Millichap Capital for Carillon Court through a local bank, representing a private client. The strategic refinancing aims to enhance cash flow through the outlined loan parameters.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,100,000.00
Monthly NOI$27,333.33
Monthly Debt Service$25,914.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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