Relationship-Based Refinance with Improved Fixed-Rate Structure in Chicago’s Ravenswood Neighborhood

Problem:

A long-standing client sought to recapitalize a stabilized multifamily property ahead of loan maturity. The borrower’s relationship lender proposed a renewal, but early terms didn’t fully reflect the property’s strong performance or current market dynamics.

Solution:

Essex Capital Markets performed a targeted market analysis to validate prevailing structures, pricing, and leverage thresholds for similar assets. By coordinating between the borrower and their incumbent bank, Essex helped structure a more competitive, relationship-based refinance that aligned with the client’s goals and timing.

Outcome:

The transaction closed on an improved fixed-rate structure with flexible prepayment terms, maximizing cash flow while maintaining the borrower’s existing banking relationship.