Magellan refinances 298-unit Exhibit on Superior with $115M loan

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Top 10 Apartment Owners in Chicago.. In April, Magellan finalized Exhibit on Superior, located at 165 W. Superior St. The 298-unit, Class A property features studios, one-, two- and three.

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Onni Group will use the loan to. Redlining’s impact in Chicago focus of Federal Reserve exhibit. Magellan Development Group this week broke ground on a 298-unit building at 165 W. Superior.

Magellan Development recently took out a $115 million mortgage on its 298-unit Exhibit on Superior apartment building. Office investors are seizing the opportunity: GEM Realty Capital in August landed.

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Magellan Development took out a $115 million mortgage on its 298-unit Exhibit on Superior apartment building in River North.

This calculates the monthly payment of a $115k mortgage based on the amount of the loan, interest rate, and the loan length. It assumes a fixed rate mortgage, rather than variable, balloon, or ARM. Subtract your down payment to find the loan amount. Many lenders estimate the most expensive home that a person can afford as 28% of one’s income.

Magellan Development took out a $115 million mortgage on its 298-unit Exhibit on Superior apartment building in River North. The developer paid about $11.5 million for the property at 165 West.

Magellan Mortgages No. 2 report october 2017 2. Collateral Level Information Mortgage Asset Portfolio Amount Nr of Loans Beginning Principal outstanding balance 136,645,529.43 5,859 Beginning Principal Outstanding Balance (net of Deemed Losses) 127,315,088.18 Principal Redemption 5,297,417.62 130 Scheduled Principal Redemption 3,149,282.33

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