$21M Lincoln Park Refinance Arranged by Essex Capital Markets
Essex Capital Markets arranged a $20.8 million refinance for a 90‑unit, two‑property portfolio in Chicago’s Lincoln Park. The loan carries a 5.35 % interest rate, 75 % loan‑to‑value and a twelve‑month interest‑only period, delivering cash‑out proceeds to the sponsor. The assets include a 35‑unit mixed‑use building on N. Clark Street and a 55‑unit multifamily property on W. Surf Street. The deal highlights the firm’s ability to secure competitive financing for mid‑size urban multifamily assets.
81K-SF Skilled Nursing Facility in Wisconsin Changes Hands
Marcus & Millichap brokered the sale of the Portage County Health Care Center, a 48‑bed skilled nursing and rehabilitation facility in Stevens Point, Wisconsin. The 81,562‑square‑foot property on a 16‑acre campus sold for $2.7 million. The buyer intends to invest in capital...
Single-Tenant Parsippany Office Scores Life Company Refi
Arrow Real Estate Advisors arranged a $21.45 million refinancing for Signature Acquisitions, using a 203,506‑square‑foot Class A office in Parsippany, New Jersey as collateral. The loan was supplied by Symetra Life Insurance and the property is fully leased to Travel + Leisure on a triple‑net...
Metropolitan Realty Refis Last-Mile Distribution Facility for $33M
Metropolitan Realty Associates LLC refinanced its 315,000‑square‑foot last‑mile distribution facility at 456 Sullivan Ave. in Windsor, Connecticut with a $33.2 million loan from Webster Bank, replacing the original Bank of America mortgage. The property, acquired in February 2021, remains 100 % occupied by a single...
Entre Commercial Realty Completes Sale of 17K-SF Crystal Lake Retail Building
Entre Commercial Realty has finalized the sale of a 16,780‑square‑foot retail and automotive building on 2.71 acres at 7218 Virginia Road in Crystal Lake, Illinois. The buyer, represented by Averta Realty, intends to operate automotive repair, body work, and car...
Downtown Burlingame Offices Now Fully Leased
Dostart Development Company and Sares Regis Group have fully leased the 168,000‑square‑foot office portion of the 220 Park Rd. mixed‑use project in downtown Burlingame. The 185,000‑square‑foot development also houses 17,000 sq ft of retail and restaurant space. New occupants include SkyKnight Capital, Confluent (soon...