Maverick Commercial Mortgage arranged funding for a $4,900,000 first mortgage loan for the High Cliff Estates manufactured housing community in Milan, Illinois. The loan will refinance the current loan and help fund capital improvements as occupancy increases at this MHC.
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Maverick Commercial Mortgage arranged a $2,900,000 first mortgage financing loan for a 160,000-square-foot multi-tenant industrial building at 4850 West Bloomingdale Avenue in the North Austin neighborhood of Chicago. Built in 1972, the two-story industrial building has four docks and a 23,000-square-foot parking lot. The 18-month floating rate interest-only loan includes two six-month extension options, and […]
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Maverick Commercial Mortgage secured a $7,800,000 first mortgage bridge loan for a 38,100-square-foot office building at 1500 West Carroll Avenue in the Fulton Market neighborhood of Chicago. Built in 1889, the office building was renovated in 2016 by Dayton Street Partners. The 36-month interest and only 25-year amortizing bridge loan has two extension options of […]
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Maverick Commercial Mortgage arranged a $5,850,000 first mortgage permanent financing loan for a 65,000-square-foot multi-tenant loft office building at 935 West Chestnut Street in the River West neighborhood of Chicago. Built in 1898 and renovated in 2013, the building has 6 loft-style floors with views of downtown Chicago. The 13-year non-recourse loan paid off the […]
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Maverick Commercial Mortgage secured the funding for a $47,260,000 first mortgage loan for a six-building office portfolio comprising 585,000 net rentable square feet in Pittsburgh, Pennsylvania. A joint venture between JDI Realty and Market Street Real Estate Partners acquired the portfolio in May 2014 and have made significant tenant improvements since then. The non-recourse, 10-year […]
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Maverick Commercial Mortgage has arranged $5.4 million in bridge and subsequent permanent financing for Ravinia Estates in Fenton. The 217-site mobile home community spans 74 acres at 1103 Robindale Drive. Maverick arranged the 10-year loan on behalf of the borrower, JWW Robinland LLC. The bridge loan enabled the borrower, a private real estate investment firm, […]
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Commercial banks may be tightening their lending standards, but capital is still available if you know how and where to find alternatives. Many banks are being conservative because of leasing challenges and fears of oversupply in some markets — particularly with respect to market-rate multifamily construction in downtown locations. Read Full Article >
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Manufactured Housing Communities are rapidly evolving—and so how sources of capital view the communities. Over the two-plus decades that Maverick Commercial Mortgage has been involved in funding loans for manufactured housing communities (MHC) across the Midwestern United States, the perception of the category, the ownership structures, and the types of deals have all evolved. Read […]
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France Media reached out to leading direct lenders and financial intermediaries from across the region to gain their perspective on the challenges and opportunities in the year ahead, factors most affecting the lending environment, plus the property sectors to watch in 2018. Ben Kadish, industry veteran and President of Maverick Commercial Mortgage, gives us his […]
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France Media reached out to leading direct lenders and financial intermediaries from across the region to gain their perspective on the challenges and opportunities in the year ahead, factors most affecting the lending environment, plus the property sectors to watch in 2018. Ben Kadish, industry veteran and President of Maverick Commercial Mortgage, gives us his […]
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