Ryan Morris Of BWE Secures $8 Million Refinance Loan For Retail Center In Chicago
4830 North Pulaski Road
$8,000,000
$278/SF
Building Size
28,771 SF
Asset Type
Retail
Closing
Feb 21, 2025
About this deal
AI
A loan of $8,000,000 was secured to refinance Mayfair Plaza, a fully leased retail center situated at 4830-4840 North Pulaski Road, Chicago, encompassing 28,771 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Loan Type: Refinance
- Loan Terms: five-year term, 30-year amortization
- Broker: Ryan Morris - BWE
- Date: 02/21/2025
Ryan Morris is the representative from BWE who originated the five-year loan for the refinancing of the property located in the Chicago market, indicating the ongoing commitment to retail assets in the area.
On the Map
$8,000,000
$278/SF
Retail
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Players
Chicago 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93