CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful closing of a Freddie Mac loan for an eight-unit multifamily property located in Chicago’s Roscoe Village neighborhood.
Transaction Details and Loan Structure
On behalf of the client, Managing Director Elliott Quigley and Directors Asher Motew and Quinn Keenan arranged a $1,512,000 loan featuring a five-year fixed term and a 70% loan-to-value ratio. The non-recourse structure includes two years of interest-only payments, providing the borrower with enhanced liquidity and long-term stability.
Market Coverage
“This deal is a great example of what can be accomplished through timing, execution, and a deep understanding of agency financing. Even in a challenging insurance and leverage environment, we were able to structure a non-recourse solution that avoided a cash-in and ultimately put money back in the sponsors’ pockets,” said Director Asher Motew.
Prime Location: Roscoe Village Neighborhood
Situated in Chicago’s Roscoe Village neighborhood, the property benefits from the area’s strong rental fundamentals and proximity to key amenities, transit, and Lakeview’s retail corridors. The submarket continues to attract steady demand from renters seeking high-quality housing options with neighborhood charm and accessibility to downtown.
Through disciplined execution and careful navigation of Freddie Mac’s insurance compliance requirements, Essex Capital Markets structured a financing package that met the client’s objectives and optimized proceeds. The transaction demonstrates the firm’s ability to deliver customized, market-driven debt solutions that support investor goals across Chicago’s multifamily landscape.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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