Updated Feb 17, 2026
Essex Capital Markets Secures $7.8M Loan For Multifamily Acquisition In Chicago
930 West Winona Street
$7,800,000
$205/SF
Building Size
38,000 SF
Asset Type
MultiFamily
Closing
Feb 2, 2026
About this deal
AI
The property asset involved is located at 930 West Winona Street in Chicago, consisting of a multifamily unit with a total of 64 units and a square footage of 38,000. The loan amount for this acquisition transaction is $7,800,000, with terms that include maximum leverage, full term interest-only payments, and non-recourse financing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Units: 64
- Square Footage: 38,000
- Address: 930 West Winona Street
- Market: Chicago
- Loan Type: Acquisition
- Loan Terms: Max Leverage | Full Term IO | Non-Recourse
- Broker: Asher Motew, Quinn Keenan & Elliott Quigley - Essex Capital Markets
Essex Capital Markets managed the financing process, coordinating directly with the sponsor’s relationship bank. The decision was made to continue leveraging the existing relationship to meet the client's strategic goals, applying an institutional-level process management approach for a competitive outcome.
On the Map
$7,800,000
$205/SF
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93