News Blog

CHICAGO – Mag Mile Capital is pleased to announce Paula Mello, Senior Vice-President in the firm’s Boston office, and Matt Weilgus, Senior Vice-President of Originations in the firm’s Westport, CT office have completed a $3,032,751, 10-year, fixed rate loan for a NNN retail property located at 3498 Victory Drive in Columbus, Georgia. The private investor, [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Principal & CEO Rushi Shah and Vice President Prabhat Jayara have completed a $13,800,000 non-recourse, interest-only acquisition bridge loan for an Atlanta-area investor with a two-property hotel portfolio.                The Atlanta-area hotel portfolio includes the 79-room Fairfield Inn & Suites located at 690 Market [...]

CHICAGO – Mag Mile Capital is pleased to announce that Cody Harper has joined the team as Vice President of Originations and will be based out of the firm’s Chicago office.                 In his new role with Mag Mile, Harper will be responsible for originating and closing transactions for clients, providing capital advisory, as well [...]

Productivity and Delta Variant Historically in commercial real estate as well as in capital markets, summer has seen significant productivity slump. However, in 2020 and 2021 spring and summer were particularly slow from a productivity standpoint with pandemic related virtual learning and work from home crowd. Many companies are starting to call back employees in [...]

CHICAGO – Mag Mile Capital is pleased to announce Paula Mello, Senior Vice President in the firm’s Boston office, and Matt Weilgus, Senior Vice President in the firm’s Westport, Connecticut office have completed a $5,135,000, 10-year, fixed-rate loan for a NNN retail property in Dunwoody, Georgia.                 Located at 1730 Mt. Vernon Road, in the [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Principal & CEO Rushi Shah and Vice President Prabhat Jayara have completed an $8,100,000 non-recourse, interest-only loan for an institutional investor with plans to convert a former hotel to apartment housing.                 Located at 2032 N. Evangeline Thruway in Lafayette, Louisiana, the former full-service [...]

CHICAGO – Mag Mile Capital is pleased to announce the Chicago office recently closed a $7,000,000 million loan for a 128,000 square foot office/flex space in Southeast Michigan. Located at 600 S. Wagner Road in Ann Arbor, Michigan, the recourse loan was closed through a regional credit union at a 3.75% interest rate. The property [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Matt Weilgus, Senior Vice President and General Counsel in the firm’s Connecticut office completed a $1,140,000, five-year, fixed-rate loan for a 4,015 square foot stand-alone triple-net retail property, occupied by Steak N Shake, in the Atlanta, Georgia metropolitan area.                 Located at 2905 Stonecrest [...]

CHICAGO – Mag Mile Capital is pleased to announce Rob Bernstein, Executive Vice President and Matt Weilgus, Senior Vice President in the firm’s Connecticut office have completed a $1,320,000, fixed-rate Freddie Mac small balance loan for a 13-unit multifamily property in Troy, New York. The 5,175 square foot property is located at 204 Washington Street [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Robert Bernstein, Executive Vice President and Matt Weilgus, Senior Vice President in the firm’s office have completed a $1,820,000, 10-year, fixed-rate loan for a medical office building in downtown Westport, Connecticut on behalf of a private borrower.                 Located at 12 Avery Place in [...]