Elliott Quigley, Asher Motew & Quinn Keenan Secure $3.06M Loan For Mixed-use Property In Chicago
FINANCED
$3,061,043
Illinois
See Similar DealsMixed-use1 SF
Financed 11/13/2025
FINANCED
Elliott Quigley, Asher Motew & Quinn Keenan Secure $3.06M Loan For Mixed-use Property In Chicago
2569 North Milwaukee Avenue
See Similar DealsMixed-use1 SF
Financed 11/13/2025
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$3,061,043
Total Square Footage:1 SF
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 2569 North Milwaukee Avenue in Chicago. The asset comprises 10 units, consisting of 4 commercial spaces and 6 residential units. The loan amount secured for this property was $3,061,043 as part of a fixed-rate refinance.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,061,043
- Market: Chicago
- Units: 10 (4 Commercial & 6 Residential)
- Loan Type: Fixed rate refinance
- LTV: 78%
- Income derived from retail: 54%
- Interest Rate: 5.55%
- Amortization Period: 30 years
The brokers representing the deal were Asher Motew, Quinn Keenan, and Elliott Quigley from Essex Capital Markets. They noted a clean execution on the cash-out refinance, indicating a successful process for their clients.
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BROKERAGE
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,061,043.59
Monthly NOI$20,406.95
Monthly Debt Service$19,347.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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