Geoffrey Platt & Jake McMahon Secure $20 Million Refinance Loan For Chicago Multifamily Asset
Units
591
Asset Type
—
Closing
Oct 8, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily development consisting of 591 units located in the Chicago market. The loan associated with this property is a refinance loan, specifically a Fannie Mae DUS Standard Loan, with a total loan amount of $20,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Loan Type: Refinance (Fannie Mae DUS Standard Loan)
- Lender: Geoffrey Platt & Jake McMahon - Arbor Realty Trust
Geoffrey Platt and Jake McMahon represent the Arbor Realty Trust in this financing transaction, facilitating the loan for the multifamily asset situated in the Chicago area.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93