Chestnut Holdings obtained financing of $14M from JPMorgan Chase Bank

Chestnut Holdings through the entity 1504 Sheridan LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $14.0 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 108 residential units at 1504 Sheridan Avenue in Tremont. The deal closed on August 27, 2019 and was recorded on September 04, 2019.
The property contains a total of 138,000 square feet of built space.
The average loan per unit is $129,630.
The last time the property sold was December 19, 2006, for $9,250,000.

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Direct link to the city’s interactive property map, ZOLA. link

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