CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a mixed-use property located in Chicago’s Logan Square neighborhood.
Transaction Details and Loan Structure
The financing was arranged by Director Asher Motew, Director Quinn Keenan, and Managing Director Elliott Quigley, who secured a five-year, fixed-rate loan through a regional banking partner. The non-recourse structure and 78% loan-to-value execution provided the client with significantly enhanced proceeds and upgraded economics compared to the borrower’s initial expectations.
Market Coverage
“Mixed-use refinances are often framed as difficult, but they don’t have to be. This deal is a perfect example of how competition drives better outcomes—more proceeds, lighter structure, and stronger economics—without disrupting an existing banking relationship,” said Director Asher Motew.
Essex Capital Markets repositioned the asset, initially viewed as retail heavy and challenging, into a lender-friendly credit profile that shifted a potential cash-in scenario into a meaningful cash-out refinance. By creating market competition, the team pushed the relationship lender to align with market standards, resulting in stronger terms while preserving the existing banking relationship.
This execution demonstrates how thoughtful narrative control and strategic lender leverage can unlock terms many borrowers are told are unattainable for mixed-use properties with small-shop, retail-dependent income. The transaction further showcases Essex Capital Markets’ ability to navigate complex asset profiles and deliver tailored capital solutions across Chicago’s dynamic commercial landscape.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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