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Byline Bank Provides $1.15M Refinance Loan On Skokie Industrial Property

720 North Larrabee Street APT 703
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This Industrial property located in IL received a loan of $1,150,000 about 2 years ago. The broker of the deal was Cody Harper

Located at 720 N Larrabee St. APT 703 in Skokie, this industrial property spans 30,000 square feet. The transaction took place on 02/18/2022 and involved a loan for the property.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,150,000
  • Market: Skokie
  • Asset Size: 30,000 SF

The loan for this property was provided by Byline Bank. The landlord for the property is Church Street Properties. Representing the deal as broker was Cody Harper from Mag Mile Capital.

The loan amount for this transaction was $1,150,000. It was a refinance loan with a 3.95% fixed interest rate. The loan terms included a 10-year term and a 15-year amortization period. The loan-to-value (LTV) ratio was 60%.

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Deals
  • Location
    720 North Larrabee Street, Chicago, Illinois 60654, United States720 North Larrabee Street, Chicago, Illinois 60654, United States
  • Loan Value
    $1,150,000$1,150,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Cody Harper

Cody Harper

Deals1
Financed$1.2M

Byline Bank

Byline Bank

Lender
Deals2
Volume$ 1.2M

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Deal Summary

LOAN IMAGE: Cody Harper DATE: 02/18/2022 ADDRESS: 720 N Larrabee St. APT 703 MARKET: Skokie ASSET TYPE: Industrial ~ SF: 30,000 LENDER: Byline Bank LANDLORD: Church Street Properties BROKER: Cody Harper - Mag Mile Capital LOAN AMOUNT: $1,150,000 LOAN TYPE: Refinance LOAN TERMS: 3.95% fixed interest rate, 10-year term, 15-year amortization, 60% LTV

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720 North Larrabee Street APT 703

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