First Pacific Financial Arranges $12.1M Refinance Loan For Retail Property In Elmhurst, IL
FINANCED
$12,100,000
Illinois
See Similar DealsRetail76,768 SF
Financed
FINANCED
First Pacific Financial Arranges $12.1M Refinance Loan For Retail Property In Elmhurst, IL
678 North York Street
See Similar DealsRetail76,768 SF
Financed
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$157
Total Square Footage:76768 SF
Transaction Type:Loan
Located at 678 North York Street in Elmhurst, IL, this retail property spans a total of 76,768 square feet. The transaction involved a loan refinance for the property.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,100,000
- Loan Type: Refinance
- Loan Terms: 3 Year Fixed. 10 Year Term. Step-down Prepay.
Todd Sherman and Carter Gill from First Pacific Financial represented the landlord, Mark Beccaria, in this transaction. They played a crucial role in negotiating and securing the loan refinance for the retail property at 678 North York Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,100,000.00
Monthly NOI$80,666.67
Monthly Debt Service$76,480.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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