First Pacific Financial Arranges $12.1M Refinance Loan For Retail Property In Elmhurst, IL
678 North York Street
$12,100,000
$157/SF
Building Size
76,768 SF
Asset Type
Retail
Closing
Nov 14, 2023
About this deal
AI
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.
On the Map
$12,100,000
$157/SF
Retail
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Players
Elmhurst 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93