CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful closing of a fixed-rate refinance for a 48-unit multifamily property located in Lake Bluff, Illinois.
Transaction Details
The transaction involved a $2.5 million loan arranged with a local banking partner and was facilitated by Managing Director Elliott Quigley and Directors Quinn Keenan and Asher Motew.
The five-year fixed-rate structure was designed to reinforce the asset’s long-term stability while maintaining a conservative capital profile aligned with the sponsor’s broader investment strategy.
“This deal wasn’t about squeezing leverage — it was about restoring credibility and getting the capital structure back on solid footing,” said Asher Motew. “Being direct about the credit story and finding a lender willing to engage thoughtfully made all the difference.”
Location Details: Lake Bluff
Located along Chicago’s North Shore, Lake Bluff is a highly regarded suburban community known for its strong residential character, proximity to Lake Michigan, and access to Metra rail service into downtown Chicago. The area continues to attract long-term renters seeking a balance of neighborhood stability and regional connectivity.
This closing reflects Essex Capital Markets’ consistent ability to execute disciplined, relationship-driven financing solutions, pairing multifamily owners with the right local capital sources to deliver certainty, durability, and long-term value across Chicago’s multifamily markets.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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