Lodge Financial Secures $12,935,000 Loan For Retail Center Acquisition In Gage Park Chicago
5050 South Kedzie Avenue
$12,935,000
$80/SF
Building Size
161,239 SF
Asset Type
Retail
Closing
Oct 5, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 5050 South Kedzie Avenue in Chicago. The property encompasses a total square footage of 161,239 and is situated in a market characterized by ongoing development efforts. The acquisition involved a loan amounting to $12,935,000 with a term of 2 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,935,000
- Loan Type: Acquisition
- Loan Terms: 2 years
- Address: 5050 South Kedzie Avenue
- Market: Chicago
- Asset Size: 161,239 SF
- Broker: Matthew Bowker - Lodge Financial
Lodge Financial played a pivotal role in financing both the acquisition and construction of the retail center in the Gage Park area of Chicago, Illinois. This project is backed by strong tenants and contributes to the revitalization of the surrounding community.
On the Map
$12,935,000
$80/SF
Retail
View full map
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Matthew Bowker to view all their deals.
Browse Chicago retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93