News Blog

Mag Mile Capital Announces $21.3 Million Loan Closing for the New Construction and Development of Multifamily Apartments in Chaska, MN. MINNEAPOLIS, July 21, 2022 /PRNewswire/ -- Mag Mile Capital proudly announced that Cody Harper, VP of Originations, and Matt Weilgus, SVP and Head of Originations have closed a $21.3 million, ten-year, construction-to-permanent loan to build Clover Ridge Apartments, a four-story, 122-unit apartment [...]

SAN MARCOS, Texas, July 15, 2022 /PRNewswire/ -- Mag Mile Capital announced that Mike Taylor mtaylor@magmilecapital.com , SVP of Originations, finalized a loan for $7,475,000 to refinance a four-story, 106-room Holiday Inn Express in the riverfront town of San Marcos. Well-positioned within the Austin and San Antonio Highway Corridor, the hotel is a popular destination in an idyllic college town that was declared by Forbes Magazine in [...]

WESTPORT, Conn., July 14, 2022 /PRNewswire/ -- Mag Mile Capital announced that Matt Weilgus, SVP and Head of Originations, successfully closed a loan for $1,575,000 to help a client purchase a former Bank of America branch location in the bustling mountain town of Highlands, NC. The 7,200 sq. ft., two-story building is located in a central community surrounded by lush forest beauty and natural wonders, often frequented by seasonal tourists – making the property an excellent location for a business. Mag Mile Capital is [...]

BOSTON, July 13, 2022 /PRNewswire/ -- Mag Mile Capital recently announced that Paula Mello, SVP of Originations, and Matt Weilgus, SVP, Head of Originations & General Counsel, successfully finalized a loan for $6,589,158 to help their repeat client, Freeport Equity, acquire two special-use retail NNN-leased facilities in Cary and Morrisville, North Carolina. Both buildings are leased by Montessori schools in two thriving towns. Cary routinely ranks as one [...]

HOUSTON, July 12, 2022 /PRNewswire/ -- Mag Mile Capital proudly announced that Leonard Smith, Senior Vice President, just finalized a loan for $1,750,000 to refinance a parcel of land attached to the Big Rivers Water and Theme Park development in Grand Texas, North of Houston. The scope of the overall Grand Texas project is enormous and ambitious, with over 600 acres of amusement [...]

CHICAGO, July 8, 2022 /PRNewswire/ -- Mag Mile Capital proudly announced that Francisco Nacorda, SVP of Originations, recently finished a combined $8,888,000 loan for two properties in two states: a Clarion Inn with 194 rooms and Comfort Inn with 75 rooms in Fredericksburg; and a retail property of 173,000 sq. ft. in Madison, with 80% of NOI from National and NNN tenants. Mag Mile [...]

MEMPHIS, Tenn., June 30, 2022 /PRNewswire/ -- Mag Mile Capital announced that Matt Weilgus, SVP and Head of Originations, successfully completed a $4 million loan to secure funds needed to purchase and renovate an old Sears store into a modern 854-unit, 83,040 sq. ft. self-storage facility. Branded as and managed by Public Storage, the facility is located in the first enclosed mall [...]