News Blog

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

CHICAGO – Mag Mile Capital is pleased to announce it has completed a $3,800,000, seven-year fixed rate, 80% LTV acquisition loan on behalf of repeat client Bryan Rishforth and Philadelphia-based firm, R&R Global Partners. Located adjacent to Bishop International Airport in Flint, Michigan, the 57,500 square foot distribution facility is 100% leased to FedEx Corporation [...]

CHICAGO – Mag Mile Capital is pleased to announce that John Schmid has joined the team as Senior Vice President of Originations and will be based out of the firm’s new Denver office. “John brings a wealth of knowledge and the ability to quickly analyze and convert a deal,” said Rushi Shah, Principal & CEO [...]

CHICAGO – Mag Mile Capital is pleased to announce that Principal & CEO Rushi Shah and Vice President Prabhat Jayara have completed an interest-only bridge loan for the acquisition of the Chicago Marriott Northwest  located in Hoffman Estates, Illinois. The Ghoman Group, based in Indianapolis, came to Mag Mile Capital to finance the acquisition of [...]

CHICAGO – Mag Mile Capital is pleased to announce that the firm’s Vice President Matt Weilgus has completed two loans totaling $2,850,000 for a repeat client, a private property investor. “These are the third and fourth loans completed for this borrower, through a 1031 exchange, and with this same lender,” said Weilgus. “Despite the logistical [...]

The last few weeks have been a tumultuous time for all American businesses and particularly our industry. Most of the market participants have been trying to make heads or tails of the situation and are scrambling for help. In order to get best outcomes, it’s important to understand the innerworkings of CMBS loans. Here are some of the logical ways to approach [...]

CHICAGO – We are in unprecedented times as we tackle Covid-19. Capital Markets are not functioning as they do during normal times. Our capital partners in the credit markets are grappling with the uncharted nature of these rapidly developing market movements. Committees are watching closely and changing their credit and investment guidelines as new information [...]

Mag Mile Capital is pleased to announce that Executive Vice President Rob Bernstein and Senior Vice President Matt Weilgus have completed a $4,300,000 five-year loan for Aran Capital and its partners who recently acquired a portfolio of three mobile home properties in Indiana. The three parks are located in Shipsewana, Galveston and Russiaville, Indiana and [...]

CHICAGO – Mag Mile Capital is pleased to announce that Senior Vice President Matt Weilgus has completed a second loan for borrower, Location Finders International, an Illinois-based retail and medical office build-to-suit developer. The $3,742,500 short-term bridge loan is for the borrower’s second build-to-suit Montessori school loan arranged by Mag Mile Capital. After sourcing a [...]

CHICAGO – Mag Mile Capital is pleased to announce that Rushi Shah, principal & CEO, Leondard Smith, senior vice president and Prabhat Jayara, vice president of Mag Mile Capital, have completed a $10,100,000 interest-only, floating rate loan for the refinance and conversion of a 103-room hotel with an on-site restaurant located at 670 N. Scottsdale [...]