Mavrek Development & GW Properties Secures $12.9M Loan For Retail Property In Chicago
4501 North Sheridan Road, Chicago, IL, USA
$12,900,000
$1,833/SF
Building Size
7,035 SF
Asset Type
Retail
Closing
Jun 10, 2020
About this deal
AI
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.
On the Map
$12,900,000
$1,833/SF
Retail
View full map
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse Illinois retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93