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Ryan Morris Of BWE Secures $8 Million Refinance Loan For Retail Center In Chicago
FINANCED
$8,000,000
Illinois
See Similar DealsRetail28,771 SF
Financed 02/21/2025
FINANCED
Ryan Morris Of BWE Secures $8 Million Refinance Loan For Retail Center In Chicago
4830 North Pulaski Road
See Similar DealsRetail28,771 SF
Financed 02/21/2025
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$278
Total Square Footage:28,771 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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