### Maverick Commercial Mortgage Secures $5.65M Gold Coast Retail Loan
Maverick Commercial Mortgage, Inc. has successfully secured financing for a three-tenant, 5,800-square-foot retail property in Chicago’s Gold Coast neighborhood. The $5.65 million retail loan equates to approximately $974 per square foot.
The loan, provided by a national lender, is a competitively priced three-year fixed-rate loan at 6.45% and amortizes on a 25-year schedule. The borrower, JDI Realty, is a Chicago-based private equity real estate investment firm that acquired the property as part of a fund.
Located at 902 N State Street, the property is fully occupied, including a Chase Bank branch. The Gold Coast is one of Chicago’s most sought-after luxury submarkets, featuring high-end designer fashion brands. Maverick Commercial Mortgage, Inc. specializes in securing a wide range of commercial real estate loans for middle-market real estate developers and investors.
