Darragh Griffin & Quinn Keenan Of Essex Capital Markets Secures $4.2M Loan For Mixed-Use Asset In Chicago

The property asset involved in this transaction is a mixed-use building located at 2934 North Milwaukee Avenue in the Chicago market. The loan amount secured for this asset is $4,200,000, associated with a bank loan that has a fixed interest rate of 6.14%. The terms include a 7-year term with a spread of 2.20% and 2 years of interest-only payments.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,200,000
• Loan Type: Bank loan
• Loan Terms: Rate: 6.14%, Spread: 2.20%, Term: 7-year, Interest Rate Swap fixed at 6.14%, 2 Years of Interest Only
• Address: 2934 North Milwaukee Avenue
• Market: Chicago

The key individuals involved in this transaction are Darragh Griffin and Quinn Keenan, who are representatives from Essex Capital Markets. They played a role in facilitating the loan arrangement for this mixed-use property in Chicago.