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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $19,000,000
- Loan Type: Refinance
- Loan Terms: 10 Years
- Lender: Ben Silver - LMF Commercial
- Brokers: David Minzer & Ben Karolitzky - AANDAR Real Estate Capital
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
Market 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