CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a 58-unit multifamily portfolio located in Chicago’s Logan Square neighborhood.
Transaction Overview
The transaction involved a $15.5 million agency refinance placed with Fannie Mae. The ten-year, fixed-rate loan was structured to provide long-term stability and attractive leverage, supporting the sponsor’s objectives while delivering certainty in a challenging capital markets environment.
“Talk about ending 2025 with a bang. Strong execution across the board from Essex Capital Markets and our agency lending partner, Walker & Dunlop,” said Director, Asher Motew. “As a true team effort, we were able to guide first-time conventional borrowers through the agency process and deliver a comprehensive financing solution in an environment where that’s far from easy.”
The transaction was led by Directors Asher Motew and Quinn Keenan, with support from Managing Director Elliott Quigley.
Submarket Context: Logan Square
Located in Logan Square, the portfolio benefits from strong renter demand driven by proximity to transit, walkable amenities, and continued investment throughout the neighborhood. The area remains one of Chicago’s most active multifamily submarkets, supported by durable fundamentals and long-term appeal for institutional and private owners alike.
Essex Capital Markets Platform
This closing reinforces Essex Capital Markets’ ability to consistently execute institutional-quality agency financings, delivering disciplined structures and dependable outcomes for multifamily owners across Chicago’s investment