CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful financing of a mixed-use property located at 2249 N. Lincoln Avenue in Chicago’s Lincoln Park neighborhood.
Transaction Summary
- Loan Type: Acquisition and Construction Financing
- Address: 2249 N. Lincoln Avenue, Chicago, Illinois
- Property Type: Mixed-Use Property
- Location: Lincoln Park, Chicago
- Unit Count: 2 Units
- Lender Type: Local Bank
- Capital Markets Team: Director Asher Motew and Director Quinn Keenan
Financing Overview: Acquisition and Construction Financing for Lincoln Park Mixed-Use Property
On behalf of the client, Essex Capital Markets arranged acquisition and construction financing through a local banking partner for the two-unit mixed-use asset. The financing structure was tailored around the sponsor’s repositioning strategy and renovation timeline, allowing the borrower to move forward with a business-driven vision for the property.
The transaction was facilitated by Director Asher Motew and Director Quinn Keenan.
“The borrower had gone direct to a lender without running a market process and was ultimately retraded after the appraisal didn’t support the original structure,” said Director Asher Motew. “By the time he came to us, the seller was prepared to walk away from a project the sponsor had already designed around his long-term vision. We immediately brought the opportunity to market, secured lender interest within hours, and delivered a structure aligned with both the renovation timeline and the broader business plan. This is exactly what a competitive market process is designed to accomplish.”
Lincoln Park Mixed-Use Financing Market
Located just off the Lincoln and Belden corridor, the property sits within one of Chicago’s most active mixed-use investment pockets. Lincoln Park continues to attract both investors and owner-users due to its strong retail corridors, dense residential base, and long-term neighborhood stability.
Demand for well-located mixed-use assets in the area has remained consistent as sponsors continue pursuing adaptive reuse and experiential concepts throughout the submarket.
Essex Capital Markets Transaction Team
By leveraging its lender relationships and understanding of transitional real estate opportunities, Essex Capital Markets was able to deliver a financing solution that provided certainty during a critical stage of the acquisition process.
The transaction further highlights the firm’s ability to structure flexible capital solutions for entrepreneurial sponsors executing value-driven business plans across Chicago’s investment real estate market.
This closing underscores Essex Capital Markets’ continued expertise in navigating complex financing scenarios, sourcing competitive structures, and delivering dependable execution for sponsors across Chicago’s multifamily and mixed-use investment markets.
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About Essex Capital Markets
Essex Capital Markets is a Chicago-based commercial real estate capital markets advisory firm specializing in multifamily and investment property financing. The firm works with property owners and investors to arrange acquisition loans, refinancing, and debt recapitalizations through relationships with banks, agency lenders, debt funds, and private capital sources across the commercial real estate lending market.