TIAA Provides $6.15M Refinance Loan For Retail Property In Tinley Park, IL
FINANCED
$6,153,000
Illinois
See Similar DealsRetail43,623 SF
Financed 12/26/2023
FINANCED
TIAA Provides $6.15M Refinance Loan For Retail Property In Tinley Park, IL
9501 171st Street
See Similar DealsRetail43,623 SF
Financed 12/26/2023
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$141
Total Square Footage:43,623 SF
Transaction Type:Loan
The retail property located at 9501 171st Street in Tinley Park, IL has undergone a refinancing transaction. The property spans 43,623 square feet and is owned by Brookline Real Estate. The loan for this deal was provided by TIAA.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,153,000
- Address: 9501 171st Street, Tinley Park, IL
- Market: Tinley Park, IL
- Lender: TIAA
- Landlord: Brookline Real Estate
The deal was facilitated by Matthew Stearns, a representative from Black Bear Capital Partners.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,153,000.00
Monthly NOI$41,020.00
Monthly Debt Service$38,891.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions