Barclays Provides $19.8 Million Refinance Loan For Student Housing Portfolio In DeKalb
FINANCED
$19,800,000
Illinois
See Similar DealsStudent Housing355 SF
Financed 07/31/2024
FINANCED
Barclays Provides $19.8 Million Refinance Loan For Student Housing Portfolio In DeKalb
807 Lucinda Avenue
See Similar DealsStudent Housing355 SF
Financed 07/31/2024
Summary
ILLINOIS
Asset Type:Student Housing
Price Per Square Foot:$55,774
Total Square Footage:355 SF
Transaction Type:Loan
The property asset involved in this transaction is a student housing portfolio located at 807 Lucinda Avenue in DeKalb, Northern Illinois. This portfolio consists of 355 units and has secured a refinance loan amounting to $19,800,000 under CMBS loan terms.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $19,800,000
- Address: 807 Lucinda Avenue
- Market: DeKalb
- Lender: Barclays
- Broker: Anthony Longo - Alpha Capital
- Loan Type: Refinance
- Loan Terms: CMBS loan
- Units: 355
Key individuals involved in this transaction include broker Anthony Longo representing Alpha Capital, facilitating the refinancing process for this significant student housing asset, enhancing the financial stability and continuity of operations for the property in the competitive DeKalb market.
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
$19,800,000.00
Monthly NOI$132,000.00
Monthly Debt Service$125,149.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions