CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a 27-unit multifamily portfolio located across Chicago’s West Town, Wicker Park, and Ukrainian Village neighborhoods. The $5,899,000 financing was arranged through a national banking partner and provided the sponsor with a tailored solution designed to support the long-term performance of the portfolio.
Transaction Summary
- Loan Type: Portfolio Refinance
- Properties: 1501 W. Superior Ave., 1625 N. Claremont Ave., 2225 W. Rice St. & 1617–19 N. Maplewood Ave., Chicago, Illinois
- Property Type: Multifamily Apartment Portfolio
- Neighborhoods: West Town, Wicker Park & Ukrainian Village
- Unit Count: 27 Units
- Loan Amount: $5,899,000
- Interest Rate: 5.59% Blended Fixed Rate
- Lender Type: National Bank
- Capital Markets Team: Director Quinn Keenan, and Director Asher Motew
Financing Overview: Chicago Multifamily Portfolio Refinance
On behalf of the client, Essex Capital Markets structured a refinancing strategy for four stabilized multifamily properties located at 1501 W. Superior Ave., 1625 N. Claremont Ave., 2225 W. Rice St., and 1617–19 N. Maplewood Ave..
The financing achieved a blended fixed interest rate of 5.59% and was customized to align with the sponsor’s investment objectives while maximizing flexibility across the portfolio. The transaction was facilitated by Directors Quinn Keenan and Asher Motew.
“This one was about strategy more than complexity,” said Director Asher Motew. “The sponsor had four stabilized, fully occupied assets with rate adjustments on the horizon and a clear goal — non-recourse, maximum proceeds, low fees, and the best available rate. It became clear that agency execution wasn’t the most competitive option at the time, so we brought the opportunity to the lenders we knew could deliver. The result was a competitive financing solution and the introduction of a new capital relationship that the sponsor can continue building as their portfolio grows. That’s what keeps sponsors coming back.”
West Town, Wicker Park, and Ukrainian Village Multifamily Financing Market
Located immediately west of downtown Chicago, West Town, Wicker Park, and Ukrainian Village remain among the city’s most sought-after multifamily investment markets.
Strong renter demand, a diverse housing stock, and continued neighborhood investment have made these communities attractive to both long-term owners and active investors seeking stable performance and future appreciation.
Essex Capital Markets Transaction Team
This closing reflects Essex Capital Markets’ ability to identify the right financing strategy for each sponsor by leveraging deep lender relationships and broad market access.
Whether financing a single asset or a multi-property portfolio, the firm continues to deliver consistent execution and competitive debt solutions for multifamily investors across Chicago’s most active neighborhoods.
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About Essex Capital Markets
Essex Capital Markets is a Chicago-based commercial real estate mortgage brokerage specializing in debt and equity placement for multifamily, mixed-use, office, retail, industrial, and investment properties. By leveraging relationships with local, regional, and national lending partners, the firm delivers customized financing solutions tailored to each client’s investment strategy.