Asher Motew & Quinn Keenan Secure $1.3 Million Loan For Chicago Multifamily Acquisition

The property involved in the transaction is located at 3134 North Kimball Avenue in the Chicago market, categorized as a multifamily asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Loan Type: Acquisition
• Loan Term: 75% Leverage | 5-Year Fixed | 5.88%
• Capital Markets Advisors: Asher Motew & Quinn Keenan - Essex Capital Markets

Asher Motew and Quinn Keenan from Essex Capital Markets provided capital markets advisory for this transaction. They emphasized that execution goes beyond merely securing proceeds, focusing instead on aligning capital with the business plan. This loan structure offers clients the opportunity to undertake renovations, reposition rents, and stabilize effectively without imposing strict timelines.