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Maverick Closes on Mortgage for Lafayette Tower
Maverick Commercial Mortgage closed on a $6,127,000 first mortgage loan with Centier Bank for the Chase Center Office Building at 201 Main St. in Lafayette, IN. The borrower has owned the 128,574-square-foot office building and parking garage since 2000.
Proceeds from the first mortgage were limited to 75% of value. They paid off existing debt, and paid for significant capital improvements to the 50-year-old property.
These improvements will include new elevators and extensive HVAC modernization, all of which will significantly lower the building’s energy consumption and improve the tenant’s daily experience.
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