CHICAGO, ILLINOIS – Essex Capital Markets, LLC is pleased to announce the successful financing of a six-unit multifamily property located at 1300 North Greenview Avenue in Chicago’s West Town neighborhood.
Transaction Details and Loan Structure
On behalf of the buyer, the Essex Capital Markets team of Directors Asher Motew and Quinn Keenan arranged $1,425,000 in financing with a local credit union. The loan features a 6.25% rate, 67.86% loan-to-value ratio, and a five-year fixed term, providing the sponsor with both certainty of execution and flexible prepayment options.
“On a very tight 1031 exchange where timing was critical, we helped our client secure a flexible prepay, 5-year loan with a local credit union, fully executed in just under four weeks. At Essex Capital Markets, we pride ourselves on being a one-stop shop for financing needs, where even the toughest timelines are just another four-letter word,” said Director Asher Motew.
The financing closed in under four weeks, enabling the client to complete their 1031 exchange with confidence. By leveraging established credit union relationships and positioning the borrower’s investment profile for streamlined underwriting, Essex Capital Markets delivered a financing structure that aligned with the client’s long-term investment strategy.
The sale of the property was facilitated by Essex Realty Group Principals Jim Darrow and Jordan Gottlieb, along with Director Brian Keegan, who represented the parties in the transaction.
West Town: A Dynamic Chicago Submarket
West Town remains one of Chicago’s most sought-after neighborhoods, offering strong rental demand, a diverse residential community, and convenient access to downtown. This transaction highlights Essex Capital Markets’ ability to execute financing under tight timelines and Essex Realty Group’s continued leadership in Chicago’s competitive multifamily brokerage market.
About Essex Capital Markets
Essex Capital Markets, LLC offers bespoke financing solutions and multifamily advisory services to mid-market investors and developers. The team specializes in structuring tailored debt strategies, navigating complex transactions, and delivering certainty of execution across Chicago’s most competitive real estate submarkets.
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