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702 764 Royal Saint George ...

Ben Silver Of LMF Commercial Provides $19M Refinance Loan For Retail Asset In Naperville
FINANCEDRetail

Ben Silver Of LMF Commercial Provides $19M Refinance Loan For Retail Asset In Naperville

$19,000,000

$131/SF

Building Size

144,447 SF

Asset Type

Retail

Closing

Apr 29, 2025

AI

The asset involved in this transaction is a retail property located in Naperville, with a total square footage of 144,447. The loan amount secured for this asset is $19,000,000, under a refinance loan type with a term of 10 years.

Summary of transaction details:

The key individuals involved in this transaction include Ben Silver, representing the lender LMF Commercial, and brokers David Minzer and Ben Karolitzky from AANDAR Real Estate Capital, who facilitated the deal.

Players

Ben Karolitzky

AANDAR Real Estate Capital

Broker

$34.6M

vol

3 deals

Broker
LMF Commercial
LMF CommercialBrokerage
LMF Commercial
LMF CommercialLender

Naperville 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93