Essex Capital Markets Arranges $1,592,500 Refinance Loan For 8-Unit Multifamily In Chicago

1226 North Greenview Avenue is an 8-unit multifamily property located in the Chicago market, specifically in the Noble Square neighborhood. The asset is involved in a refinance transaction, with a loan amount of $1,592,500. The financing was structured to include a fixed-rate loan at 5.90%, with terms including 70% loan-to-value, 12 months interest-only, and 30-year amortization.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,592,500
• Loan Type: Refinance
• Loan Terms: 70% LTV | 5.90% Rate | Flex Prepay
• Units: 8
• Address: 1226 North Greenview Avenue
• Market: Chicago
• Capital Markets Advisors: Asher Motew & Quinn Keenan - Essex Capital Markets

Essex Capital Markets arranged the refinancing for this 8-unit multifamily property, facilitating a structured financial plan that aligns with long-term goals. The transaction also completed a 1031 exchange and established a new lending relationship for the sponsorship group.