Maverick Commercial Mortgage Closes 30-Year Fixed-Rate Loan For Non-Owner Occupied Chicago Multi-Family Property
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Matthew S. Cohen of Maverick Commercial Mortgage is proud to announce the closing of a 30-year fixed-rate loan for a nonowner occupied 3-unit multi-family property located in the Ukrainian Village neighborhood of Chicago, Illinois. The building is a gut rehab with three, 2 bed x 2 bath, soft-loft style apartments. The apartments are top of the line with luxury condo like finishes. Each unit features an alarm, central a/c/forced heat, exposed brick, hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and more. The building welcomes pets, has rear decks, and parking available.
The 30 year, fully-amortizing fixed-rate loan paid off the existing lender, returned equity to the borrowing entity, and paid for closing costs. Mr. Cohen was able to close the loan at the exact proceeds, rate and terms applied for. This was the fourth multi -family loan Mr. Cohen closed on behalf of this borrower in the last 6 months. The loan was funded by a national lender.
About Maverick Commercial Mortgage, Inc.
Maverick Commercial Mortgage, Inc. arranges a wide variety of commercial real estate loans ranging from $2,000,000 to $50,000,000 for its middle market real estate developer and investor clients. Please contact Matthew S. Cohen at 312-268-6001, 847-420-3516, or at matt.cohen@mavcm.com.