Maverick Commercial Mortgage, Inc. Announces $1,575,000 Financing On Mobile Home Community in Johnson City, TN
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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, Inc. announces the closing of a first mortgage acquisition loan on September 1, 2022 for 116 Spring City Drive.
The loan, provided by a Mid-Atlantic bank with a specialty in mobile home lending, is a 5 year fixed rate loan with a rate of 5.75%. The loan has a 20 year amortization. This is the first loan that Maverick Commercial Mortgage, Inc. has closed with this borrower.
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. Please contact Ben Kadish at 312-268-6000, 312-953-4344, or at ben.kadish@mavcm.com.