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Chicago & Midwest  + Downtown  + Finance  | 

Maverick’s Cohen Arranges 30-Year Loan for Ukrainian Village Apartments

Matthew S. Cohen of Maverick Commercial Mortgage closed a 30-year fixed-rate loan for a non-owner occupied three-unit multifamily property located at 944 N. Wood in the Near West Side’s Ukrainian Village neighborhood. Financial terms weren’t disclosed. 

The building is a gut rehab with three two-bed/two-bath, soft-loft style apartments. The apartments are top of the line with luxury condo like finishes. Each unit features an alarm, central a/c/forced heat, exposed brick, hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and more. The building welcomes pets, has rear decks, and offers parking. 

The fully amortizing loan from a national lender paid off the existing lender, returned equity to the borrowing entity, and paid for closing costs. Cohen was able to close the loan at the exact proceeds, rate and terms applied for. This was the fourth multifamily loan Cohen closed on behalf of this borrower in the past six months.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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
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