News Blog

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 [...]

CHICAGO – Mag Mile Capital is pleased to announce that Senior Vice President Matt Weilgus has completed a $4,511,250 acquisition loan for a new construction retail property at 2056 Skibo Road in Fayetteville, North Carolina. The 10-year loan featured a 75% loan-to-value ratio with a 25-year amortization schedule, a fixed interest rate of 3.65% and [...]

CHICAGO – Mag Mile Capital is pleased to announce that Senior Vice President Francisco Nacorda has completed $23,650,000 in CMBS loans for three hotels as part of a Michigan Select Service Hotel Portfolio on behalf of the borrower, Stellar Hospitality. “These were difficult deals with numerous challenges including a condominium structure for one of the [...]

CHICAGO – Mag Mile Capital is pleased to announce that Principal and CEO Rushi Shah and Vice President Prabhat Jayara have completed a $26,200,000 non-recourse, 10-year CMBS loan on behalf of Hulsing Hotels, for the Crowne Plaza located at 1 Resort Drive in Asheville, North Carolina. “We are proud to deliver another closing for Dennis [...]