facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Loan

/

5540 West Montrose Avenue

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

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

5540 West Montrose Avenue

$2,240,000

$2,240,000/SF

Building Size

1 SF

Asset Type

MultiFamily

Closing

Dec 9, 2025

AI

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

Broker

$168.2M

vol

21 deals

Broker
Essex Capital Markets
Essex Capital MarketsBrokerage

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.08%

Cash-on-Cash

-2.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93