CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a multifamily property located in Chicago’s Andersonville neighborhood.
Transaction Details and Loan Structure
The financing was arranged by the Essex Capital Markets team of Directors Quinn Keenan and Asher Motew together with Managing Director Elliott Quigley, who secured a five-year, fixed-rate loan through a regional banking partner. The non-recourse, balance-sheet execution provided the client with improved loan terms and an efficient closing.
Market Coverage
“Every deal has its own story. In this case, persistence and relationships made all the difference. By understanding the lender’s credit priorities and controlling the narrative, we were able to turn what started as a difficult execution into a smooth closing with better pricing and structure for the client,” said Director Quinn Keenan.
Essex Capital Markets’ strategy centered on repositioning the transaction with a national bank that could deliver both flexibility and certainty. The result was a simplified process, stronger structure, and approximately 50 basis points in rate savings compared to the borrower’s prior quote. The financing successfully refinanced a stabilized eight-unit Andersonville asset, enhancing the client’s long-term investment position in one of Chicago’s most stable rental corridors.
This transaction highlights Essex Capital Markets’ ability to course-correct challenging deals through deep lender relationships and disciplined execution. The firm continues to demonstrate its expertise in structuring tailored, client-first financing solutions across Chicago’s competitive multifamily markets.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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