Essex Capital Markets Secures $5,250,000 Refinance For Mixed-Use Property In Chicago

607 West Oakdale Avenue is an 18-unit mixed-use property located in Chicago's East Lakeview neighborhood, featuring ground-floor retail. The refinance transaction involved a loan amount of $5,250,000 and encompassed non-recourse terms, full-term interest-only payments, and flexible prepayment options.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,250,000
• Units: 18
• Ground Floor Retail: Yes
• Address: 607 West Oakdale Avenue
• Market: Chicago
• Loan Type: Refinance
• Loan Terms: Non-Recourse | Full-Term IO | Flexible Prepay | Balance Sheet Execution

Quinn Keenan and Asher Motew, both from Essex Capital Markets, acted as the capital markets advisors for this refinancing deal. Essex Capital Markets facilitated a comprehensive market process, engaging with various lenders to provide the sponsor with insight into current pricing, proceeds, structure, and lender appetite, ultimately enhancing an existing banking relationship.