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Southern Bank Provides $2.5M Loan For Anna Package Deal

80 Knupp School Road, 103 East Street, 105 Jenny Lane, 110 Jenny Lane, 203 Lafayette Street, & 226 East Avenue
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This Single Family Residence property located in IL received a loan of $2,500,000 over 3 years ago. The broker of the deal was Zachary Shavolian

Felix Raiber, the landlord, secured a loan from Southern Bank for a package deal transaction in Anna. The property assets included in the package deal are located at 80 Knupp School Road, 103 East Street, 105 Jenny Lane, 110 Jenny Lane, 203 Lafayette Street, and 226 East Avenue. The loan amount provided by Southern Bank was $2,500,000. The loan terms included an 80% loan-to-value ratio, a fixed interest rate of 3.95%, no PPP, a 5-year term, and a 20-year amortization. The portfolio of 6 Community Integrated Living Arrangements (CILA) was part of this transaction.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $2,500,000
  • Loan Terms: 80% LTV, 3.95% fixed, No PPP, 5 year term, 20 year amortization
  • Address: 80 Knupp School Road, 103 East Street, 105 Jenny Lane, 110 Jenny Lane, 203 Lafayette Street, & 226 East Avenue
  • Market: Anna
  • Lender: Southern Bank
  • Landlord: Felix Raiber

The broker representing Felix Raiber in this deal was Zachary Shavolian from Paradigm Commercial Real Estate.

View Related

Deals
  • Location
    80 Knupp School Lane, Anna, IL, USA80 Knupp School Lane, Anna, IL, USA
  • Loan Value
    $2,500,000$2,500,000
  • Asset Type
    Single Family ResidenceSingle Family Residence
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Zachary Shavolian

Zachary Shavolian

Deals1
Financed$2.5M

Agency

Paradigm Commercial Real Estate

Paradigm Commercial Real Estate

Agency
Deals33
Volume$390.7M

Southern Bank

Southern Bank

Lender
Deals1
Volume$ 2.5M

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Deal Summary

[embed] LOAN IMAGE: Zachary Shavolian DATE: 12/21/2020 ADDRESS: 80 Knupp School Road, 103 East Street, 105 Jenny Lane, 110 Jenny Lane, 203 Lafayette Street, & 226 East Avenue MARKET: Anna ASSET TYPE: Package Deal LENDER: Southern Bank LANDLORD: Felix Raiber BROKER: Zachary Shavolian (@ZachShav) - Paradigm Commercial Real Estate LOAN AMOUNT: $2,500,000 LOAN TERMS: 80% LTV, 3.95% fixed, No PPP, 5 year term, 20 year amortization. Portfolio of 6 Community Integrated Living Arrangements (CILA). https://scontent-bos3-1.cdninstagram.com/v/t51.2885-15/132189927_148407283462504_6862612566695353418_n.jpg?_nc_cat=108&ccb=2&_nc_sid=8ae9d6&_nc_ohc=IFfXwmCjc2sAX8ikbi8&_nc_ht=scontent-bos3-1.cdninstagram.com&oh=4ada78da52872ac835cca6a31a366fa9&oe=6008944D

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80 Knupp School Road, 103 East Street, 105 Jenny Lane, 110 Jenny Lane, 203 Lafayette Street, & 226 East Avenue

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