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Chicago & Midwest  + Downtown  + Retail  |  March 10, 2025
Jasmine Kilman
By: Jasmine Kilman

Maverick Commercial Mortgage Secures Gold Coast Retail Loan

Maverick Commercial Mortgage, Inc. has secured financing for a three-tenant, 5,800-square-foot retail property in the Gold Coast, Chicago. The $5.65 million retail loan equates to $974 per square foot.

The loan, provided by a national lender, is a competitively priced three-year fixed-rate loan at 6.45%. It amortizes on a 25-year schedule. The borrower, JDI Realty, is a Chicago-based private equity real estate investment firm that purchased the property as part of a fund.

Located at 902 N State Street, the property is a 100% occupied retail property with a Chase Bank branch location. Gold Coast is one of the most desirable luxury submarkets with designer fashion brands occupying the area. Maverick Commercial Mortgage, Inc. arranges a wide variety of commercial real estate loans 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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