Maverick Commerical Mortgage Announces $5,650,000 Retail Loan
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Maverick Commercial Mortgage, Inc. announced today it secured financing for a 3 tenant, 5,800 square foot retail property in the Gold Coast, Chicago.
The loan, provided by a national lender, is a competitively priced 3-year fixed rate loan, at6.45%. The loan amortizes on a 25-year schedule. This is a $974 per square foot loan. The borrower, JDI Realty, is a Chicago based private equity real estate investment firm that purchased the property as part of a fund.
The property is a 100% occupied retail property located in the Gold Coast neighborhood of Chicago. Gold Coast is one of the most desirable luxury submarkets in the US with designer fashion brands occupying the area.
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.