Market/Property Type: Avondale - Multi-Family

Price: $4,200,000

Loan Type: Regional Bank

  • 13 Apartment Units and 5 Commercial Units
  • 7-Year Term, 2 Years Interest Only
  • Interest Rate Swap, 2.20% Spread, 6.14% Fixed Rate

Structuring Optimal Financing for Avondale Mixed-Use Property

Problem:
The client needed financing for a mixed-use property in Avondale with a large retail component, making agency debt unavailable and bank debt terms unfavorable. Additionally, they required a competitive rate and an interest-only period.

Solution:
After engaging multiple banks and Life Companies, we secured a seven-year fixed-rate swap loan with two years of interest-only, meeting the client’s need for both an attractive rate and initial cash flow relief.

Outcome:
This tailored loan structure enabled the client to move forward with confidence, achieving cost-effective financing aligned with their investment strategy.

CONTACT US
Essex Capital Markets, LLC
2718 W. Roscoe St.
Suite 100A
Chicago, IL 60618
Phone: 773.305.4900
Fax: 773.305.4901

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