“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 […]
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“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 […]
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Ben Kadish, president and founder of Chicago-based Maverick Commercial Mortgage, agrees that demand for short-term financing is currently driving deal volume across the commercial real estate lending arena. “There’s a lot of money being raised to provide that type of gap financing between the first mortgage and the new loan,” says Kadish. “But you still […]
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Maverick Commercial Mortgage has arranged a $6.9 million loan for the refinancing of three mobile home parks in the Midwest. The properties include Green Acres in Emporia, Kan.; Maplewoods in Odessa, Mo.; and Milwood MHC in Kalamazoo, Mich. Park Place Communities owns and manages the portfolio. All three properties are slated to undergo major capital […]
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Ben Kadish, president & founder of Maverick Commercial Mortgage, has observed such effects in real time, with the construction of new developments that have stagnated as a result of value uncertainty. “With interest expense now consuming a larger portion of the construction budget, new projects require more equity from sponsors and will cost more without adding additional […]
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The portfolio owned and managed by Park Place Communities includes Green Acres, a 225-pad property in Emporia, KS; Maplewoods, a 105-pad property in Odessa, MO; and Milwood MHC, and a 76-pad property in Kalamazoo, MI. The loan was funded by a Midwest debt fund that funds bridge loans on a national basis. All three of […]
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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, […]
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Maverick Commercial Mortgage, Inc. Announces $3,550,000 Permanent Financing On Two Commercial Buildings in Chicago, IL Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on April 11th, 2022 for 8801 and 8835 S Greenwood Ave. This is an acquisition loan on two adjacent industrial buildings on the […]
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Maverick Commercial Mortgage, Inc. Announces $763,000 Permanent Financing On a 12 unit Multi-Family Property in Chicago, IL. Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on August 4th, 2022 for 3257-59 West 62nd Place and 6239-6243 Spaulding Avenue in the Marquette Park neighborhood Chicago, IL. Each […]
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Maverick Commercial Mortgage, Inc. Announces $14,000,000 Permanent Financing On A Home Depot in Chicago, IL Benjamin L. Kadish, President of Maverick Commercial Mortgage, Inc. announces the closing of a first mortgage loan on March 31, 2022 for 200 West 87th Street, a triple net leased Home Depot located in Chicago, Illinois. A new ten year […]
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