Maverick Commercial Mortgage, Inc. announces $7,500,000 financing on 150,000-square-foot multi-tenant industrial building in Chicag

Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $7,500,000 with a repeat borrower based in Bethesda, Maryland, for a multi-tenant building located at 1120 E. 89th Street in Chicago. The loan, provided by a regional bank, is a five-year loan that will be swapped at closing to provide a competitive five-year fixed rate loan. A portion of the loan proceeds will be used for capital improvements to the property post-closing.

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