Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestCRE

L & N Real Estate Consultants arrange $1.8M commercial mortgage for the purchase of a 46 unit apartment building

Staff Writer April 5, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

L & N Real Estate Consultant‘s (L&N’s), Matthew Lebenson, was successful in securing a 7 year fixed rate commercial loan at a competitive rate of 4.75%, amortized over 30 years at 80% leverage.

The property is a three-story, walk-up, restricted rent apartment building, located at 5957-59 S. Calumet and 352-58 E. 60th Street in the Washington Park community on the south side of Chicago. It has a Class 9 Low Income Tax status. The apartments have an unobstructed view of Washington Park.

The property was listed for $2,525,000 with Interra Realty since November 2013 and went under contract in January 2014.

Tags
L&N Real Estate Consultants
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Senior associate joins Colliers

August 18, 2022
MichiganMultifamily

No slowdown in sight: Investors, renters remain on the hunt for multifamily space

Dan RafterAugust 18, 2022
TennesseeMultifamily

Denholtz Properties acquires 384-unit multifamily community in Tennessee

August 18, 2022
KansasRetail

Marcus & Millichap sells 12,945-square-foot retail property in Kansas

August 18, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com