Maverick News

Maverick Commercial Mortgage, Inc. announces $7,500,000 financing on 150,000-square-foot multi-tenant industrial building in Chicag

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. […]

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Building in Trenton, New Jersey

Maverick Commercial Mortgage, Inc. Announces $4,500,000 Financing On a 240,000 Square Foot Building in Trenton, New Jersey.

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 […]

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6336-w-belmont

Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $7,500,000 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. A por-tion of the loan proceeds will be used for capital improvements to the property post closing. The subject property is a fully occupied multi-tenant industrial building on Chicago’s south side. The building is 100% leased to 2 ten-ants, Chicago Transit Authority and SCR Transportation. The industrial market on the south side is effectively close to full occupancy This is Maverick’s second time closing a loan with this client. Maverick financed the closing of the adjacent properties with this borrower allowing for the creation of an industrial park by this borrower. The borrower, 1788 Holdings, LLC, is a Maryland based national real es-tate investment firm specializing in purchasing and repositioning older vintage light industrial properties and industrial outdoor storage properties. About Maverick Commercial Mortgage, Inc. Maverick Commercial Mortgage, Inc., arranges a wide variety of commercial real estate loans ranging from $2,000,000 to $100,000,000 for its middle market real estate developer and investor clients.

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 […]

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1120 E 89th

Maverick Commercial Mortgage, Inc. Announces $7,500,000 Financing On a 150,000 SF Multi-Tenant Industrial Building in Chicago, IL.

Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $7,500,000 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. A por-tion of the loan proceeds will be used […]

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Maverick Commercial Mortgage, Inc. Announces $4,000,000 Financing On an 81 Unit Multi Family Residential Portfolio in Frankfort and and Rossville, IN.

Maverick Commercial Mortgage, Inc. has funded a first mortgage refinance loan for $4,000,000 with a repeat borrower based in Lafa-yette, IN. The loan, provided a regional lending institution, is a 10 year fixed rate loan, interest only for the first year. The rate is fixed at low spread over the 5 Year US Treasury and […]

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Maverick Commercial Mortgage, Inc. Secures $5.4 Million Financing for Premier Student HousingComplex in Morgantown, WV

Maverick Commercial Mortgage, Inc., a leading provider of commercial real estate financing, is pleased to announce the successful funding of a $5.4 million first mortgage refinanceloan for a student housing complex in Morgantown, West Virginia. The property, conveniently situatedacross the street from West Virginia University Campus, boasts 34 units and accommodates 114 beds,making it an […]

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Debt Maturity: What’s Actually in Trouble

But there are variations between even the downtown office buildings. “Buildings and markets with newer, amenity rich boutique properties—such as Chicago’s Fulton Market—are flourishing,” according to Ben Kadish, president, Maverick Commercial Mortgage. “Other submarkets in the Chicago Central Business District and suburban submarkets remain very challenged.” Read More: https://www.connectcre.com/stories/debt-maturity-whats-actually-in-trouble/

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Anticipatiing the Debt Maturity Onslaught

“Between 2018 and 2022, there was a significant amount of floating rate loans funded with 3- to 5-year loan terms based on cap rates being in the 4% to 5% range,” said Ben Kadish, president and founder, Maverick Commercial Mortgage. “Many of those loans were priced at Libor/SOFR plus 300 basis points.” In the early […]

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Lenders vie for MHC properties

“This is one of the few real estate assets that continues to maintain its value on a going-forward basis,” said Ben Kadish, president and founder at Maverick Commercial Mortgage. The property type is able to pass through rental increases on an annual basis, with the ability to maintain values year-over-year, and increase value by bringing […]

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