Maverick Commercial Mortgage Inc. recently closed a first mortgage loan on a 22,000-square-foot automotive dealership in Orland Park, according to Maverick President Benjamin L. Kadish. The property is a dealership occupied by CJ Wilson Mazda. Improvements on the 3.32 acre site were completed in 2003 and renovated in 2017. CJ Wilson operates two automotive dealerships […]
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Mobile home parks usually suffer from a dowdy image of small communities occupied by buildings that are modest and nondescript – at best. That image could be polished, slightly, as a few states are enabling buyers of mobile homes to qualify for Fannie Mae loans. In New Hampshire, occupants of approved resident-owned communities (ROCs) can […]
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A Chicago-based mortgage banking firm made a $22 million loan to finance construction of an apartment building in Clearwater. The 132-unit apartment development, called The Strand, is unfolding at a 15-story building in downtown Clearwater, which originally was developed as an office building. The owner of the property is 1100 Cleveland LLC. Prior to the […]
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ROCs are mobile home cooperatives that are owned by the residents, much like a multi-unit co-op in a large city. Mobile home parks usually suffer from a dowdy image of small communities occupied by buildings that are modest and nondescript—at best. That image could be polished, slightly, as a few states are enabling buyers of […]
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