Maverick News

9 Dec

Maverick Commercial Mortgage funds a $10,250,000 First Mortgage Loan For Byrnes Mills MHC in House Springs, Missouri

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The subject property is a 372 site manufactured housing community. This community is situated in Jefferson County, which includes the greater St. Louis Metropolitan area. The community is an all age neighborhood providing both a peaceful retirement setting and suitable environment for family life. The property has an outdoor pool and clubhouse, along with much […]

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12 Nov

Maverick Commercial Mortgage Closed A $2,062,500 Acquisition Loan For A 152 Site Manufactured Housing Community Located in Middlefield, Ohio

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Benjamin L. Kadish of Maverick Commercial Mortgage is proud to announce the closing of an acquisition loan on a 152 site manufactured housing community known as Middlefield MHC. Middlefield MHC is located in Middlefield, Ohio. The community features a management office, off-street parking, and storage units. The non-recourse loan which is subject to standard carve-outs, […]

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5 Nov

Maverick Commercial Mortgage, Inc. Announces $12,700,000 First Mortgage On Four Manufactured Housing Communities in Springfield, Illinois and Des Moines, Iowa

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Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on behalf of MHPI, Inc. The four manufactured housing communities are owned and managed by MHPI, Inc. The portfolio of manufactured housing communities represented 303 total pads. Three of the communities located in Springfield were built within the […]

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10 May

Increase Occupancy and Profitability by Offering Chattel Financing

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Download article written by Maverick Commercial Mortgage’s Ben Kadish for MHINSIDER

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29 Mar

Maverick Arranges $22.5 million in First Mortgages for Indiana Portfolio

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Maverick is proud to announce the closing of four first mortgage loans on the following portfolio of multi-family properties: Breckenridge Apartments in located in Portage, IN and is a 168 multi-family property with amenities. Point West and Point West II are manufactured housing communities located in West Lafayette, Indiana that provide easy access to Purdue […]

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1 Feb

Maverick Closes $7,075,000 Bridge Loan for International Technology Center in Indiana

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Maverick is proud to announce the closing of financing for the International Technology Center in West Lafayette, Indiana. The site measures 6.15 acres including a 75,099 square-foot office park building. New office suites will feature opportunities for end users looking for 500 to 24,000 square feet of office space. Read more at REJournals.

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1 Feb

Maverick Closes $4,073,000 First Mortgage Acquisition

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  Claremore Mobile Haven – Maverick Commercial Mortgage is proud to announce finance acquisition for Claremore and Mobile Haven MHCs. The acquisition loan of $4,073,000 provided capital to both properties to fund costs for repaving roads in these communities. The borrower, American Dream Communities, is actively acquiring and operating MHCs across the United States and […]

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22 Jan

Maverick Secures $93,835,000 Acquisition and Renovation Loan for Deconversion of River City Condos

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Maverick Commercial Mortgage secured the funding for a $93,835,000 first mortgage loan for the acquisition and renovation of the River City condominium development in Chicago’s South Loop neighborhood. The non-recourse, interest-only loan was funded by Silverpeak Argentic, a national bridge and CMBS lender. This complex deal took more than three years to complete, and it […]

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17 Dec

Maverick Secures Funding for Coliving Development in Pilsen

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Maverick Commercial Mortgage secured the funding of $17,000,000 in construction financing for a ground-up coliving development in Pilsen, the culturally rich neighborhood on Chicago’s West Side. The development will offer four stories of coliving apartments meant to provide city-dwellers with a stress-free, all-inclusive living environment. It will be the largest coliving home in the Midwest […]

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13 Dec

Maverick Funds $33,750,000 Construction Loan for Loft-style Office Space in Pilsen

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Maverick Commercial Mortgage has secured $33,750,000 in funding for a loft-style office development in Pilsen, the culturally rich and revitalizing Chicago neighborhood. Mural Park, a two-building loft office park development, will be funded by a non-recourse bridge and construction loan in the amount of $33,750,000. The loan will finance the gut renovation of two 100,000-square-foot […]

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