News

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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Maverick Secures $5,850,000 First Mortgage Loan for Office Building in Chicago, Illinois

Maverick Commercial Mortgage arranged a $5,850,000 first mortgage permanent financing loan for a 65,000-square-foot multi-tenant loft office building at 935 West Chestnut Street in the River West neighborhood of Chicago. Built in 1898 and renovated in 2013, the building has 6 loft-style floors with views of downtown Chicago. The 13-year non-recourse loan paid off the […]

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Maverick Funds $47,260,000 First Mortgage Loan for Office Portfolio in Pittsburgh, Pennsylvania

Maverick Commercial Mortgage secured the funding for a $47,260,000 first mortgage loan for a six-building office portfolio comprising 585,000 net rentable square feet in Pittsburgh, Pennsylvania. A joint venture between JDI Realty and Market Street Real Estate Partners acquired the portfolio in May 2014 and have made significant tenant improvements since then. The non-recourse, 10-year […]

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Maverick Arranges $5.4M Bridge Loan for Mobile Home Community in Fenton, Missouri

Maverick Commercial Mortgage has arranged $5.4 million in bridge and subsequent permanent financing for Ravinia Estates in Fenton. The 217-site mobile home community spans 74 acres at 1103 Robindale Drive. Maverick arranged the 10-year loan on behalf of the borrower, JWW Robinland LLC. The bridge loan enabled the borrower, a private real estate investment firm, […]

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The Right Financing for Your Deal is out There

Commercial banks may be tightening their lending standards, but capital is still available if you know how and where to find alternatives. Many banks are being conservative because of leasing challenges and fears of oversupply in some markets — particularly with respect to market-rate multifamily construction in downtown locations. Read Full Article >

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Changing Perceptions, Changing Financing in Manufactured Housing

Manufactured Housing Communities are rapidly evolving—and so how sources of capital view the communities. Over the two-plus decades that Maverick Commercial Mortgage has been involved in funding loans for manufactured housing communities (MHC) across the Midwestern United States, the perception of the category, the ownership structures, and the types of deals have all evolved. Read Full Article >

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2018 Lenders Insights – 5 Questions with Ben Kadish

France Media reached out to leading direct lenders and financial intermediaries from across the region to gain their perspective on the challenges and opportunities in the year ahead, factors most affecting the lending environment, plus the property sectors to watch in 2018. Ben Kadish, industry veteran and President of Maverick Commercial Mortgage, gives us his […]

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