Building

601 W Surf

601 W Surf St · Lakeview Built 2010 60 units

Ownership

Syndicated

Occupancy

95.0%

57 of 60 units occupied

T12 NOI

$945K

Avg rent $2,620 · Cap 6.00%

Valuation

$15.8M

Equity $5.5M · LTV 65%

DSCR

1.36x

Covenant 1.20x · Buffer 13%

T12 NOI

Monthly NOI vs occupancy

Loan

Debt summary

Outstanding

$10,200,000

Rate

5.95%

Maturity

Jul 15, 2031

Months to maturity

63 mo

Annual debt service

$695K

DSCR (covenant 1.20x)

1.36x

Rent Roll

Live unit detail

Sample rent roll only loaded for the demo building (1247 N Damen). AppFolio sync will populate the rest.

Capex

YTD capital projects

$54,000

Standard turnover and unit refresh costs.

Documents

Linked files

Loan agreement

601 W Surf Loan Agreement 2025.pdf

AI-parsed

Insurance

601 W Surf Policy 2026.pdf

AI-parsed

PPM

601 W Surf Operating Agreement.pdf

AI-parsed