CHICAGO, ILLINOIS — Essex Capital Markets, LLC is pleased to announce the successful refinancing of a multifamily property located in Chicago’s West Town neighborhood.
Transaction Details and Loan Structure
On behalf of the client, the Essex Capital Markets team of Directors Asher Motew and Quinn Keenan, along with Managing Director Elliott Quigley, arranged fixed-rate financing through a regional banking partner. The five-year, non-recourse loan was placed with a national institution offering a streamlined, low-cost execution that met the client’s goals for efficiency and competitive pricing.
Market Coverage
“Our client came into this process focused on two things – minimizing fees and making the transaction as painless as possible. By connecting them with the right national lending partner, we were able to deliver a low-cost, non-recourse execution without sacrificing speed or certainty. It’s a great example of how we help owners get efficient capital solutions without the usual friction,” said Director Asher Motew.
Through Essex Capital Markets’ established lender relationships, the team was able to secure pricing 25 basis points tighter than the borrower’s direct quote with the same institution. The financing closed efficiently with minimal diligence friction and a seamless approval process, underscoring the firm’s ability to deliver well-structured debt solutions that balance cost savings with execution certainty.
This transaction highlights Essex Capital Markets’ ongoing success in leveraging its extensive network of banking and lending partners to achieve optimal financing outcomes for multifamily investors across Chicago’s dynamic neighborhoods
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions to mid-market investors and developers.
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