News

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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Maverick Secures $22,900,000 First Mortgage Loan for a New Construction MHC in Lake Charles, Louisiana

Maverick Commercial Mortgage secured funding for a $22,900,000 first mortgage loan for the construction of Southern Pointe Estates, a new 344-site manufactured housing community in Lake Charles, LA. The project will be completed in three phases, and each phase has loan proceeds allocated towards land and infrastructure improvements as well as house purchases.

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Maverick Secures $2,900,000 First Mortgage Loan for Industrial Building in Chicago, Illinois

Maverick Commercial Mortgage arranged a $2,900,000 first mortgage financing loan for a 160,000-square-foot multi-tenant industrial building at 4850 West Bloomingdale Avenue in the North Austin neighborhood of Chicago. Built in 1972, the two-story industrial building has four docks and a 23,000-square-foot parking lot. The 18-month floating rate interest-only loan includes two six-month extension options, and […]

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Maverick Arranges $7,800,000 First Mortgage Loan for Office Building in Chicago, Illinois

Maverick Commercial Mortgage secured a $7,800,000 first mortgage bridge loan for a 38,100-square-foot office building at 1500 West Carroll Avenue in the Fulton Market neighborhood of Chicago. Built in 1889, the office building was renovated in 2016 by Dayton Street Partners. The 36-month interest and only 25-year amortizing bridge loan has two extension options of […]

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