News

Maverick Arranges $22.5 million in First Mortgages for Indiana Portfolio

Maverick is proud to announce the closing of four first mortgage loans on the following portfolio of multi-family properties: Breckenridge Apartments in located in Portage, IN and is a 168 multi-family property with amenities. Point West and Point West II are manufactured housing communities located in West Lafayette, Indiana that provide easy access to Purdue […]

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Maverick Closes $4,073,000 First Mortgage Acquisition

  Claremore Mobile Haven – Maverick Commercial Mortgage is proud to announce finance acquisition for Claremore and Mobile Haven MHCs. The acquisition loan of $4,073,000 provided capital to both properties to fund costs for repaving roads in these communities. The borrower, American Dream Communities, is actively acquiring and operating MHCs across the United States and […]

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Maverick Secures $93,835,000 Acquisition and Renovation Loan for Deconversion of River City Condos

Maverick Commercial Mortgage secured the funding for a $93,835,000 first mortgage loan for the acquisition and renovation of the River City condominium development in Chicago’s South Loop neighborhood. The non-recourse, interest-only loan was funded by Silverpeak Argentic, a national bridge and CMBS lender. This complex deal took more than three years to complete, and it […]

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Maverick Secures Funding for Coliving Development in Pilsen

Maverick Commercial Mortgage secured the funding of $17,000,000 in construction financing for a ground-up coliving development in Pilsen, the culturally rich neighborhood on Chicago’s West Side. The development will offer four stories of coliving apartments meant to provide city-dwellers with a stress-free, all-inclusive living environment. It will be the largest coliving home in the Midwest […]

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Maverick Funds $33,750,000 Construction Loan for Loft-style Office Space in Pilsen

Maverick Commercial Mortgage has secured $33,750,000 in funding for a loft-style office development in Pilsen, the culturally rich and revitalizing Chicago neighborhood. Mural Park, a two-building loft office park development, will be funded by a non-recourse bridge and construction loan in the amount of $33,750,000. The loan will finance the gut renovation of two 100,000-square-foot […]

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Maverick Funds $8,400,000 First Mortgage Loan for Chancellor Farms MHC in Fenton, Missouri

Maverick Commercial Mortgage has arranged a $8,400,000 loan for Chancellor Farms, a 284-site manufacturing housing community in the St. Louis area. Developed in 1988, amenities include a clubhouse, swimming pool and park. The permanent loan has a term of 10 years and amortizes over a 30-year schedule. Loan proceeds refinanced the existing first mortgage, paid […]

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Maverick Funds $9,650,000 First Mortgage Loan for Byrnes Mill MHC in House Springs, Missouri

Maverick Commercial Mortgage has arranged a $9,650,000 first mortgage loan for a 372-site manufactured housing community in the greater St. Louis metropolitan area. Maverick President Ben Kadish sourced funding from a national lender for this bridge loan with a term of three years and an interest-only amortization schedule. Loan proceeds refinanced the existing first mortgage, […]

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Maverick Funds a $9,775,000 First Mortgage Loan for Oak Lane MHC in Merrionette Park, Illinois

Maverick Commercial Mortgage secured funding for Oak Lane, a 225-site manufactured housing community, and an accompanying office building and one single-family residence on 15 acres of land. The permanent loan has a term of 10 years and amortizes over a 30-year schedule. Proceeds from the loan refinanced the existing first mortgage, paid for closing costs […]

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