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Elliott Quigley, Asher Motew & Quinn Keenan Secure $3.06M Loan For Mixed-use Property In Chicago

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FINANCED
$3,061,043

Illinois

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Mixed-use1 SF
Financed 11/13/2025
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Property Image
FINANCED

Elliott Quigley, Asher Motew & Quinn Keenan Secure $3.06M Loan For Mixed-use Property In Chicago

2569 North Milwaukee Avenue

See Similar Deals
Mixed-use1 SF
Financed 11/13/2025
Contact now

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.

Players

Quinn Keenan
20 deals$166.6M volume(312) 914-8855
BROKER

Asher Motew
Essex Capital Markets
14 deals$74.8M volume(224) 545-6505
BROKER

Elliott Quigley
Essex Capital Markets
7 deals$34.4M volume(312) 953-3106
BROKER

Essex Capital Markets
BROKERAGE

Details

FINANCED
IMAGE: Elliott Quigley, Asher Motew & Quinn Keenan DATE: 11/14/2025 ADDRESS: 2569 North Milwaukee Avenue MARKET: Chicago ASSET TYPE: Mixed-use ~ UNITS: 10 (4 Commercial & 6 Residential) BROKER: Asher Motew, Quinn Keenan & Elliott Quigley - Essex Capital Markets (@EssexCapitalMarkets) LOAN AMOUNT: $3,061,043 LOAN TYPE: Fixed rate refinance NOTE FROM BROKER: Clean execution on a cash-out refinance. Sponsors secured 78% LTV on a mixed-use asset with 54% of income derived from retail. At a 5.55% rate and 30-year amortization, this was a strong win for the clients.

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Deal Type
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