CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a five-unit multifamily property located in Chicago’s Ravenswood neighborhood.
Transaction Details and Loan Structure
On behalf of the client, Directors Asher Motew and Quinn Keenan of Essex Capital Markets arranged financing through a regional banking partner. The loan features a five-year fixed term, 5.83% interest rate, and a ~63% loan-to-value ratio, providing the borrower with a stable, relationship-based capital solution.
Market Coverage
“This deal is a great example of how even smaller-balance loans deserve a competitive, institutional-grade process,” said Asher Motew of Essex Capital Markets. “By running a full market check and leveraging multiple offers, we helped our client improve both pricing and proceeds while keeping their long-standing relationship intact. This was a prime example of how Essex Capital Markets can aid in an efficient execution without sacrificing lender relationships.”
Prime Location: Ravenswood Neighborhood
Located on Chicago’s North Side, Ravenswood is known for its tree-lined streets, classic architecture, and strong rental demand. The neighborhood continues to attract investors seeking stable, well-performing multifamily assets with long-term growth potential.
This transaction underscores Essex Capital Markets’ ability to design customized financing strategies that deliver competitive terms and efficient execution across Chicago’s core multifamily submarkets.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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