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JDI Realty Secures $5.65M Refinance Loan For Retail Property At 902 North State Street

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FINANCED
$5,650,000

Illinois

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Retail5,800 SF
Financed 02/19/2025
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Property Image
FINANCED

JDI Realty Secures $5.65M Refinance Loan For Retail Property At 902 North State Street

902 North State Street

See Similar Deals
Retail5,800 SF
Financed 02/19/2025
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$974
Total Square Footage:5,800 SF
Transaction Type:Loan

The property asset involved in this transaction is a retail space located at 902 North State Street in Chicago. The total square footage of the property is 5,800. The loan amount provided for this asset is $5,650,000, which equates to a loan per square foot of $974. This financial support is categorized under a refinance loan type.

Summary of transaction details:

In this transaction, the landlord is JDI Realty, who retains ownership of the property following the financing arrangement. The brokers representing this deal are Ben Kadish and Dylan Batman from Maverick Commercial Mortgage, actively facilitating the refinance process for the landlord.

Players

Ben Kadish
9 deals$131.7M volume
BROKER

Dylan Batman
Maverick Commercial Mortgage
5 deals$52.6M volume
BROKER

JDI Realty
LANDLORD

Details

FINANCED
IMAGE: Dylan Batman & Ben Kadish DATE: 02/19/2025 ADDRESS: 902 North State Street MARKET: Chicago ASSET TYPE: Retail ~ SF: 5,800 ~ LOAN PER SF: $974 LANDLORD: JDI Realty BROKERS: Ben Kadish & Dylan Batman - Maverick Commercial Mortgage LOAN AMOUNT: $5,650,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,650,000.00

Monthly NOI$37,666.67
Monthly Debt Service$35,711.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00