Maverick News

Commercial Borrowers seek Flexibility Amid Volatile Lending Landscape

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

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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Interest Rate Hike #8 The Impact on CRE

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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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.

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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Johnson City, TN

Maverick Commercial Mortgage, Inc. Announces $1,575,000 Financing On Mobile Home Community in Johnson City, TN

Maverick Commercial Mortgage, Inc. has funded a first mortgage acquisition loan for $1,575,000 with an out of state borrower. The property is a 78 site mobile home community with 156 parking spaces on 6.39 acres of land in Johnson City, TN. The property is operating at 97.4% occupancy. Benjamin Kadish, President of Maverick Commercial Mortgage, […]

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Maverick Commercial Mortgage, Inc. Announces $3,550,000 Permanent Financing On Two Commercial Buildings in Chicago, IL.

Maverick Commercial Mortgage, Inc. Announces $3,550,000 Permanent Financing On Two Commercial Buildings in Chicago, IL Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on April 11th, 2022 for 8801 and 8835 S Greenwood Ave. This is an acquisition loan on two adjacent industrial buildings on the […]

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Marquette Park

Maverick Commercial Mortgage, Inc. Announces $763,000 Permanent Financing On a 12 Unit Multi-Family Property in Chicago, IL.

Maverick Commercial Mortgage, Inc. Announces $763,000 Permanent Financing On a 12 unit Multi-Family Property in Chicago, IL. Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on August 4th, 2022 for 3257-59 West 62nd Place and 6239-6243 Spaulding Avenue in the Marquette Park neighborhood Chicago, IL. Each […]

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Permanent Financing On A Home Depot in Chicago, IL

Maverick Commercial Mortgage, Inc. Announces $14,000,000 Permanent Financing On A Home Depot in Chicago, IL

Maverick Commercial Mortgage, Inc. Announces $14,000,000 Permanent Financing On A Home Depot in Chicago, IL Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on March 31, 2022 for 200 West 87th Street, a triple net leased Home Depot located in Chicago, Illinois. A new ten year […]

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Connectcre.com Article

Connectcre.com Article by Maverick Commercial Mortgage – Maverick Commercial Mortgage Refi’s Big Mobile Home in Downstate Illinois

Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. says Maverick has underwritten a first mortgage loan for Tri-Star Estates, an 853 pad mobile home park located in Bourbonnais, IL, Kadish said in a press release. The 157 acre Tri-Star Estates was developed in three phases with the first in 1965. The current owner acquired […]

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Rebusinessonline.com Article by Maverick Commercial Mortgage

Rebusinessonline.com Article by Maverick Commercial Mortgage – Maverick Commercial Mortgage Arranges $63.2M in Permanent Financing for Mobile Home Park in Bourbonnais, Illinois

BOURBONNAIS, ILL. — Maverick Commercial Mortgage Inc. has arranged $63.2 million in permanent financing for Tri-Star Estates, a mobile home park in Bourbonnais, about 50 miles south of Chicago. The property, which consists of 853 pad sites across 157 acres, was developed in three phases beginning in 1965. The current owner acquired Tri-Star in April […]

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