Mavrek Development & GW Properties Secures $12.9M Loan For Retail Property In Chicago
FINANCED
$12,900,000
Illinois
See Similar DealsRetail7,035 SF
Financed 06/10/2020
FINANCED
Mavrek Development & GW Properties Secures $12.9M Loan For Retail Property In Chicago
4501 North Sheridan Road, Chicago, IL, USA
See Similar DealsRetail7,035 SF
Financed 06/10/2020
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$1,833
Total Square Footage:7,035 SF
Transaction Type:Loan
Located at 4501 N. Sheridan Road in Chicago, this retail property was recently involved in a closed transaction. The property, owned by Mavrek Development & GW Properties, spans over 7,035 square feet and consists of 59 units. The loan amount for this transaction was $12,900,000. The lender, Associated Bank, was represented by Daniel Barrins.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,900,000
- Address: 4501 N. Sheridan Road
- Market: Chicago
- Units: 59
- Square Footage: 7,035
Daniel Barrins from Associated Bank played a key role in facilitating the loan for this transaction. His expertise helped secure the financing for the retail property. It is worth noting that this transaction took place on June 10, 2021.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,900,000.00
Monthly NOI$86,000.00
Monthly Debt Service$81,536.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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