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Chicago & Midwest  + Midwest  + Industrial  |  April 10, 2024
Jasmine Kilman
By: Jasmine Kilman

Maverick Finances Three Industrial Buildings in MI

Maverick Commercial Mortgage, Inc. has funded a first mortgage loan for $9 million with a repeat borrower based in Bethesda, Maryland. 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.

The subject properties are three separate buildings spread across Michigan: a 74,026-square-foot building in Pontiac, a 26,571-square-foot building in Farmington Hills, and a 51,138-square-foot building in Bay City.

This is Maverick’s third time closing a loan with this client. The borrower, 1788 Holdings, LLC, is a Maryland-based national real estate investment firm specializing in purchasing and repositioning older vintage light industrial properties and industrial outdoor storage properties. Maverick arranges a wide variety of commercial real estate loans ranging for middle market real estate developers and investor clients.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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