Chestnut Holdings obtained financing of $7M from JPMorgan Chase Bank

Chestnut Holdings through the entity 1520 LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, Na valued at $6.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 70 residential units at 1510 Sheridan Avenue in Tremont. The deal closed on August 27, 2019 and was recorded on September 04, 2019.
The property contains a total of 85,218 square feet of built space.
The average loan per unit is $95,714.
The last time the property sold was May 12, 2010, for $4,700,000.

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

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