CHICAGO, ILLINOIS – Essex Capital Markets, LLC is pleased to announce the successful financing of a five-unit multifamily property located at 1743 West Roscoe Street in Chicago’s Roscoe Village neighborhood.
Transaction Details and Loan Structure
On behalf of the client, the Essex Capital Markets team of Directors Asher Motew and Quinn Keenan arranged financing with a local banking partner. The loan features a five-year fixed term and a non-recourse structure with a 62.42% loan-to-value ratio, providing the sponsor with both long-term stability and execution certainty.
“A high-net-worth client, seeking a lower-cost non-recourse alternative to Freddie SBL, turned to us for guidance. We sourced a plethora of options and strategically placed the deal with a local bank known for seamless execution and efficient closings, exactly what the client needed,” said Director Asher Motew.
Market Coverage
By canvassing the market and leveraging relationships with both agency and bank lenders, Essex Capital Markets delivered a financing structure that reduced the client’s overall cost of capital while replicating the protections and efficiencies typically associated with Freddie Mac’s Small Balance Loan program. This solution allowed the client to secure permanent financing with the added benefit of a smooth, streamlined closing process.
Meeting Investor Expectations
This transaction underscores Essex Capital Markets’ ability to ensure tailored debt solutions for investors seeking competitive economics alongside dependable execution. It also highlights the firm’s continued leadership in creating financing strategies that align with clients’ long-term investment goals in Chicago’s highly sought-after multifamily markets.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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