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

Property Image
FINANCED
$6,000,000
Quinn Keenan
Asher Motew

Illinois

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MultiFamily
Financed 03/03/2026
the dealplayerscompscontact
Property Image
FINANCED

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

MultiFamily
Financed 03/03/2026
Quinn Keenan
Asher Motew
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Quinn Keenan
Essex Capital Markets
Quinn Keenan
20 deals$166.6M volume(312) 914-8855
BROKER
Asher Motew
Essex Capital Markets
Asher Motew
14 deals$74.8M volume(224) 545-6505
BROKER

Details

FINANCED
IMAGE: Asher Motew & Quinn Keenan DATE: 03/03/2026 MARKET: Chicago ASSET TYPE: Multifamily ~ PROPERTIES: 14 ~ UNITS: 77 CAPITAL MARKETS ADVISORS: Asher Motew (@amo2.cre) & Quinn Keenan - Essex Capital Markets (@EssexCapitalMarkets) LOAN AMOUNT: $6,000,000 LOAN TYPE: Refinance NOTE FROM CAPITAL MARKETS ADVISORS: This was one of those transactions where the real work happened behind the scenes. The properties themselves were strong, but the ownership structure and legacy legal matters had made the portfolio difficult for lenders to navigate for years. Our role was to organize the story, work through the diligence, and find someone willing to evaluate the full picture. We’re proud to have helped our client finally secure stable financing and move forward.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,000,000.00

Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00