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
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
7.08%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93