Maverick Commercial Mortgage, Inc. announced today it secured financing for a 3 tenant, 5,800 square foot retail property in the Gold Coast, Chicago. The loan, provided by a national lender, is a competitively priced 3-year fixed rate loan, at6.45%. The loan amortizes on a 25-year schedule. This is a $974 per square foot loan. The […]
Read More
Maverick Commercial Mortgage, Inc. announced today it secured financing for an Evanston, IL based BBQ restaurant, Soul & Smoke. The loan, provided by a regional SBA Lender, is a variable rate, 25-year fully amortizing loan. The loan proceeds provided the borrower with funds to complete construction, refinance in-place debt, and working capital for the business. […]
Read More
Maverick Commercial Mortgage, Inc. has funded a ground-up construction loan for an Indianapolis-based developer. The loan was closed within 15 business days from the execution of the term sheet. The subject property will be developed as a mixed-use building near Indianapolis, Indiana. The project will consist… Read More: https://www.connectcre.com/stories/maverick-commercial-mortgage-funds-construction-for-indy-mixed-use/
Read More
Maverick Commercial Mortgage, Inc. has funded a ground up construction loan for an Indianapolis-based developer. With great effort by both Lender, Borrower, and Maverick, the loan was closed in 15 business days from the execution of the term sheet. The subject property is a to be developed mixed use building near Indianapolis, IN. The project […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $9,000,000 with a repeat borrower based in Bethesda, MD. The loan, provided by a regional bank, is a 5 year loan that will be swapped at closing to provide a competitive 5-year fixed rate loan. The subject properties are 3 separate buildings spread across […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $2,400,000 with a repeat borrower based in Indianapolis, IN. The loan, provided by a Midwest lending institution, is a 5 year competitive fixed rate loan. The loan has a 5,4,3,2,1 prepayment penalty. The proceeds of the loan were used to retire the acquisition financing […]
Read More
Building a home comes with many perks. You can pick your lot, customize your floor plan and build the home of your dreams. Plus, with low housing supply and higher mortgage rates keeping many homeowners from listing their properties, it can also make your home purchase easier on the whole—no scouring listings or bidding wars […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $7,500,000 with a repeat borrower based in Bethesda, Maryland, for a multi-tenant building located at 1120 E. 89th Street in Chicago. The loan, provided by a regional bank, is a five-year loan that will be swapped at closing to provide a competitive five-year fixed rate loan. […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $4,500,000 with a borrower based in Potomac, MD. The loan, provided by a debt fund, is a 12 month variable rate acquisition loan. The loan proceeds will be used to purchase the property, pay real estate taxes, and carry the loan. The subject property […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $13,000,000 with a repeat borrower based in Chicago, IL. The loan, provided by a regional lending institution, is a 5 year loan fixed at a competitive rate . The loan proceeds will be used to refinance the current loan on the property. The subject […]
Read More