News Blog

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 [...]