Maverick Commercial Mortgage, Inc. Announces $9,000,000 Financing On Over 150,000 SF Spread Across 3, Single – Tenant Industrial Buildings in Michigan
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Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $9,000,000 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.
The subject properties are 3 separate buildings spread across Michigan. A 74,026 square foot building in Pontiac, a 26,571 square foot
building in Farmington Hills, and a 51,138 square foot building in Bay City.
This is Maverick’s third time closing a loan with this client. The borrower, 1788 Holdings, LLC, is a Maryland based national real estate
investment firm specializing in purchasing and repositioning older vintage light industrial properties and industrial outdoor storage properties.
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.