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Quinn Keenan Elliott Quigley & Asher Motew Secures $2.24M Refinance Loan For Chicago Multifamily Portfolio

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FINANCED
$2,240,000
Elliott Quigley
Quinn Keenan
Asher Motew

Illinois

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MultiFamily1 SF
Financed 12/10/2025
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FINANCED

Quinn Keenan Elliott Quigley & Asher Motew Secures $2.24M Refinance Loan For Chicago Multifamily Portfolio

5540 West Montrose Avenue

See Similar Deals
MultiFamily1 SF
Financed 12/10/2025
Elliott Quigley
Quinn Keenan
Asher Motew
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$2,240,000
Total Square Footage:1 SF
Transaction Type:Loan

The asset involved in this transaction is a 12-Unit Multifamily Portfolio located at 5540-44 West Montrose Avenue in the Chicago market. The transaction is a refinance with a loan amount of $2,240,000. The loan features a 5-Year Term, includes a Cash-Out option, and is classified as Non-Recourse.

Summary of transaction details:

  • Property Type: Multifamily Portfolio
  • Transaction Amount: $2,240,000
  • Loan Type: Refinance
  • Loan Terms: 5-Year Term, Cash-Out, Non-Recourse
  • Address: 5540-44 West Montrose Avenue
  • Market: Chicago
  • Broker: Quinn Keenan, Elliott Quigley & Asher Motew - Essex Capital Markets

The key individuals involved in this transaction are Quinn Keenan, Elliott Quigley, and Asher Motew, representing Essex Capital Markets in the refinancing deal. Their expertise and involvement were instrumental in facilitating this asset's transaction.

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
Elliott Quigley
Essex Capital Markets
Elliott Quigley
7 deals$34.4M volume(312) 953-3106
BROKER
Essex Capital Markets
Essex Capital Markets
BROKERAGE

Details

FINANCED
IMAGE: Elliott Quigley, Quinn Keenan & Asher Motew DATE: 12/10/2025 ADDRESS: 5540-44 West Montrose Avenue MARKET: Chicago ASSET TYPE: 12-Unit Multifamily Portfolio BROKER: Quinn Keenan, Elliott Quigley & Asher Motew - Essex Capital Markets LOAN AMOUNT: $2,240,000 LOAN TYPE: Refinance LOAN TERMS: 5-Year Term, Cash-Out, Non-Recourse

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,240,000.00

Monthly NOI$14,933.33
Monthly Debt Service$14,158.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00