Essex Capital Markets Secures $6 Million Refinance Loan For Pilsen Multifamily Portfolio In Chicago

The transaction involved a multifamily asset portfolio comprising 14 properties and a total of 77 units located in the Chicago market. The loan amount secured for this portfolio through refinancing was $6,000,000, focusing on an ownership structure that had previously presented challenges for financing due to legacy legal matters.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Number of Properties: 14
• Total Units: 77
• Loan Type: Refinance
• Capital Markets Advisors: Asher Motew & Quinn Keenan - Essex Capital Markets

Asher Motew and Quinn Keenan played a crucial role in facilitating the transaction by organizing the ownership narrative, managing the due diligence process, and ultimately securing stable financing for their client after overcoming previous hurdles. Their expertise was instrumental in presenting the portfolio to lenders in a favorable light.