News Blog

CHICAGO – Mag Mile Capital is pleased to announce that Paula Mello, Senior Vice President of Originations in the firm’s Boston office and Matt Weilgus, Senior Vice President of Originations in the firm’s Westport, CT office arranged a $13,074,490, non-recourse refinance on behalf of the owner of a 359,254 square foot Class A office property [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Prabhat Jayara, Vice President in the firm’s Chicago office completed a $5,700,000, five-year, fixed-rate loan for a 18,440 square foot retail center in Munster, Indiana on behalf of Translucence Management.                 Located at 8201-8231 Calumet Avenue in Munster, the multi-tenant retail property is leased [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s John Schmid, Senior Vice President in the firm’s Denver office completed a $8,900,000, 10-year fixed-rate refinance on behalf of the owner of a multifamily portfolio with eight, non-contiguous properties in Aurora, Colorado.                 “The borrower was seeking long-term financing on the portfolio, but having [...]

 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 [...]