High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + North Side  + Finance  | 

Maverick Lines Up First Mortgage for Portfolio on North, West Sides

Matthew Cohen of Maverick Commercial Mortgage closed on a $2,500,000 first mortgage loan for a portfolio of multi-family properties located on the North and West Sides of Chicago.

Collateral for the first mortgage represented four buildings and a combined 20 units located in the Lincoln Square and Ukrainian Village neighborhoods.

The partial-recourse, 75% loan to value first mortgage financing has a fixed-interest rate for a period of 8 years and amortizes over a 30-year schedule. Proceeds from the loan paid off the existing lender, returned equity to the undisclosed borrowing entity and paid for closing costs. The loan was funded by a national lender.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Maverick’s Cohen

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
New call-to-action
New call-to-action
New call-to-action