Maverick News

14 Aug

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

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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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19 Jun

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

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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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30 May

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

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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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23 Mar

Debt Maturity: What’s Actually in Trouble

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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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16 Mar

Anticipatiing the Debt Maturity Onslaught

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“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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7 Mar

Lenders vie for MHC properties

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“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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27 Feb

Commercial Borrowers seek Flexibility Amid Volatile Lending Landscape

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Ben Kadish, president and founder of Chicago-based Maverick Commercial Mortgage, agrees that demand for short-term financing is currently driving deal volume across the commercial real estate lending arena. “There’s a lot of money being raised to provide that type of gap financing between the first mortgage and the new loan,” says Kadish. “But you still […]

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10 Feb

Maverick Commercial Mortgage Arranges 6.9M Loan for Refinancing of three Midwest Mobile Home Parks

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Maverick Commercial Mortgage has arranged a $6.9 million loan for the refinancing of three mobile home parks in the Midwest. The properties include Green Acres in Emporia, Kan.; Maplewoods in Odessa, Mo.; and Milwood MHC in Kalamazoo, Mich. Park Place Communities owns and manages the portfolio. All three properties are slated to undergo major capital […]

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6 Feb

Interest Rate Hike #8 The Impact on CRE

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Ben Kadish, president & founder of Maverick Commercial Mortgage, has observed such effects in real time, with the construction of new developments that have stagnated as a result of value uncertainty. “With interest expense now consuming a larger portion of the construction budget, new projects require more equity from sponsors and will cost more without adding additional […]

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11 Jan

On the last day of business in 2022, Maverick Commercial Mortgage, Inc. funded a $6,900,000 loan on three value-add mobile home parks located in the Midwest.

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The portfolio owned and managed by Park Place Communities includes Green Acres, a 225-pad property in Emporia, KS; Maplewoods, a 105-pad property in Odessa, MO; and Milwood MHC, and a 76-pad property in Kalamazoo, MI. The loan was funded by a Midwest debt fund that funds bridge loans on a national basis. All three of […]

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