Building a home comes with many perks. You can pick your lot, customize your floor plan and build the home of your dreams. Plus, with low housing supply and higher mortgage rates keeping many homeowners from listing their properties, it can also make your home purchase easier on the whole—no scouring listings or bidding wars […]
Read More
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. […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $4,500,000 with a borrower based in Potomac, MD. The loan, provided by a debt fund, is a 12 month variable rate acquisition loan. The loan proceeds will be used to purchase the property, pay real estate taxes, and carry the loan. The subject property […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $13,000,000 with a repeat borrower based in Chicago, IL. The loan, provided by a regional lending institution, is a 5 year loan fixed at a competitive rate . The loan proceeds will be used to refinance the current loan on the property. The subject […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $7,500,000 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. A por-tion of the loan proceeds will be used […]
Read More
Maverick Commercial Mortgage, Inc. has funded a first mortgage refinance loan for $4,000,000 with a repeat borrower based in Lafa-yette, IN. The loan, provided a regional lending institution, is a 10 year fixed rate loan, interest only for the first year. The rate is fixed at low spread over the 5 Year US Treasury and […]
Read More
Maverick Commercial Mortgage, Inc., a leading provider of commercial real estate financing, is pleased to announce the successful funding of a $5.4 million first mortgage refinanceloan for a student housing complex in Morgantown, West Virginia. The property, conveniently situatedacross the street from West Virginia University Campus, boasts 34 units and accommodates 114 beds,making it an […]
Read More
But there are variations between even the downtown office buildings. “Buildings and markets with newer, amenity rich boutique properties—such as Chicago’s Fulton Market—are flourishing,” according to Ben Kadish, president, Maverick Commercial Mortgage. “Other submarkets in the Chicago Central Business District and suburban submarkets remain very challenged.” Read More: https://www.connectcre.com/stories/debt-maturity-whats-actually-in-trouble/
Read More
“Between 2018 and 2022, there was a significant amount of floating rate loans funded with 3- to 5-year loan terms based on cap rates being in the 4% to 5% range,” said Ben Kadish, president and founder, Maverick Commercial Mortgage. “Many of those loans were priced at Libor/SOFR plus 300 basis points.” In the early […]
Read More
“This is one of the few real estate assets that continues to maintain its value on a going-forward basis,” said Ben Kadish, president and founder at Maverick Commercial Mortgage. The property type is able to pass through rental increases on an annual basis, with the ability to maintain values year-over-year, and increase value by bringing […]
Read More