CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a mixed-use property located at 607-611 W. Oakdale Avenue in Chicago’s East Lakeview neighborhood. The asset consists of 18 residential units and one ground-floor retail space and was refinanced with a national banking partner.
Transaction Summary
- Loan Type: Refinance
- Address: 607-611 W. Oakdale Avenue, Chicago, Illinois
- Property Type: Mixed-Use Property
- Location: East Lakeview, Chicago
- Unit Count: 18 Residential Units + 1 Retail Space
- Lender Type: National Bank
- Capital Markets Team: Director Quinn Keenan and Director Asher Motew
Financing Overview: East Lakeview Mixed-Use Property Refinance
The transaction was facilitated by Director Quinn Keenan and Director Asher Motew, who guided the sponsor through a comprehensive financing process designed to evaluate opportunities across the lending landscape.
After marketing the opportunity to a broad range of capital sources, the team secured a financing solution that aligned with the sponsor’s long-term ownership objectives while maintaining flexibility and competitive economics.
“The value of the process was not just identifying available capital, but giving the sponsor a clear benchmark for what the asset should command in the market. In a volatile rate environment, maintaining short-term flexibility was a major focus,” said Director Quinn Keenan. “We were able to help negotiate a structure that included full-term interest-only, non-recourse execution, a 190 bps spread, flexible prepayment, and further improvement to an already efficient fee structure with the sponsor’s existing relationship bank.”
East Lakeview Mixed-Use Financing Market
Located in Chicago’s East Lakeview neighborhood, the property benefits from one of the city’s most established and desirable mixed-use corridors.
With strong residential demand, walkable retail amenities, and convenient access to public transportation and the lakefront, East Lakeview continues to attract both investors and lenders seeking stable, well-positioned urban assets.
Essex Capital Markets Transaction Team
This closing reflects Essex Capital Markets’ ability to navigate a wide range of lending sources and identify financing solutions tailored to each sponsor’s investment strategy.
The transaction further demonstrates the firm’s consistent execution across Chicago’s multifamily and mixed-use markets, delivering competitive financing for experienced owners in highly sought-after neighborhoods.
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