Mag Mile Capital – Turning Relationships Into Closings since 1991

Permanent Debt Financing

Mag Mile Capital helps CRE investors source and identify permanent fixed rate debt solutions for stabilized assets across all asset classes. Term length ranges from 5-10 years and in select cases longer than 10 years with non-recourse options available in certain scenarios.

Bridge Debt

Mag Mile Capital assists CRE investors with floating rate bridge debt designed to be an interim solution for properties in transition. Whether it’s a new development in lease-up or an older asset in need of improvements, we will leverage our relationships to customize the right bridge debt product for the specific situation. Term lengths range from 1-5 years including extension options.

Construction debt

Mag Mile Capital works with CRE developers to source senior construction debt for projects with banks and private lenders with terms ranging from 1-5 years and which may convert to permanent debt in certain instances. Our team tailors the financing request such that the resulting loan syncs with the construction timeline of the project and overall business plan.

Mezzanine Debt / Preferred Equity

Mag Mile Capital works with CRE investors in need of additional leverage in the form of subordinate financing which may be structured as mezzanine debt or preferred equity depending on senior lender and borrower preferences. The mezzanine debt or preferred equity is typically co-terminus with senior debt or may mature prior to the senior debt depending on the specific scenario.

JV Equity

Mag Mile Capital represents seasoned CRE investors seeking JV equity partner capital to help scale their portfolios. JV equity sources will contribute typically up to 90-95% of the total required equity into a transaction depending on the sponsor’s track record and ability to execute on their business plan.

ABOUT US

Turning Relationships Into Closings Since 1991.

Mag Mile Capital is a full-service commercial real estate mortgage banking firm headquartered in Chicago with offices in New York, Massachusetts, Connecticut, Florida, Texas, Michigan, Colorado, and Nevada.

We are a national platform comprised of talented capital markets advisors with real estate debt placement and equity arrangement experience throughout the full capital stack and across all major asset classes.

Our nimble, boutique-sized firm offers preferred access to premier structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs through a high-touch, disciplined approach that leverages its wide-ranging lending relationships and deep-rooted equity capital connections.

Back Row: Mike Taylor, Cody Harper, Francisco Nacorda, Rushi Shah, Matt Weilgus, and Bob Scarantino
Front Row: Heather Madsen and Prabhat Jayara

Not Pictured: Rob Bernstein, Paula Mello, Leonard Smith, Samantha Lauren Rivera, Mac Altounian, Kaivan Shah, and Rohan Shah

DEBT PLACEMENT

Mag Mile Capital leverages its network of capital source relationships to deliver best-in-market debt terms for its clients in the following scenarios:

Permanent financing
Bridge or transitional financing
Ground up construction financing
Mezzanine or subordinate debt

Capital sources we utilize:

CMBS lenders
Life Insurance company lenders
Private debt funds
Banks and credit unions
Federal agencies (Fannie Mae, Freddie Mac and HUD)
SBA lenders

EQUITY ARRANGEMENT

Mag Mile Capital clients derive the benefits of our relationships with a variety of equity sources who deploy capital in the following scenarios:

Joint venture equity
Preferred equity
Co-GP equity

Capital sources we utilize:

Private debt funds
Family offices
Pension and endowment funds

SPECIAL SERVICES

Mag Mile Capital offers unique services to its clients in order to best meet their needs in the moment. A variety of specialized services are as follows:

Tax Credit Structuring
C Pace Financing
Workout and Forbearance Negotiation
Note Purchase Financing

Representative Transactions

Ivy Walk Shoppes Retails

Smyrna, GA

$11.85 Million

Permanent Debt

Four Points By Sheraton

Salt Lake City, UT

Buffalo Grove, IL

$31.45 Million

Bridge Loan

View All

CLIENT TESTIMONIALS

It was a great experience working with Francisco and Mag Mile Capital. Things moved smoothly, efficiently, and professionally and we very much appreciated their recommendation of the legal team.
Dr. Japinder Singh
We have continued to seek the service of Mag Mile Capital owing to their exceptional diligence and ability to resolve issues and remove obstacles. We look forward to continuing to use their expertise and relationships to grow our portfolio.
Principal of TNB Hotels
I value Rushi Shah’s in-depth knowledge of the financing market. He has always been able to quickly and efficiently close on our loans. I would wholeheartedly recommend him to other hotel owners and look forward to working with him and his firm again.
Ken Patel, CEO of A&R Hospitality
After years of hard work and determination to complete our project, we were very pleased with Rushi and his entire team and how they helped attain the financing needed. I look forward to working with them on future opportunities.
Sanjay Sukhramani of Vega Hospitality Group
We appreciate the assistance Rushi’s group provided towards the completion of a very creative structure with a large international financial institution, to decrease Inner Circle’s cost of capital and advance our business plan in the mid-market full-service hotel sector.
Mark Hall, Board Member for Inner Circle
I have been in business for over 30 years and have deep experience in this industry working with many professionals. Rushi delivered and came through on everything he said he would do.
Inner Circle Founder and CEO Joseph G. Gillespie
I knew the team would not only close the loan within the time constraints, but would also secure the most advantageous terms available.
Paul Gaines
We were extremely pleased with Rushi and his team’s performance. They successfully worked through issues that our first lender failed to resolve, and delivered the extra proceeds we needed on time. When we require financing in the future, we will look to Rushi right from the start.
Sam Patel, Chief Financial Officer and Partner with MRE Properties & Investments
In the seven to eight months before I met Rushi, all I was told is that a CMBS loan was not possible for this hotel. This was my first CMBS transaction, and thanks to Rushi and his team, it has been a great learning experience.
T.J. Patel of Pavansut Hotels, LLC
Engaging Rushi and Prabhat to lead our financing search was absolutely the right decision. If it wasn’t for their creativity and financial acumen, we would have come up short. They deftly navigated the entire transaction process for us, continuously proving their talent and the validity of their lender relationships. We will definitely trust our future transactions to Rushi and his firm.
Borrower, Gulf Shores, AL hotel portfolio refinance
Mag Mile delivered and fulfilled their term sheet outline without exception and in record time. We are very pleased that we were fortunate enough to have Mag Mile Capital represent Innisfree Hotels.
Julian MacQueen, CEO Innisfree Hotels
I worked with Mag Mile Capital because of their extensive expertise and expansive contacts in mortgage financing. Mag Mile put together an effective capital solution that enabled me to win the auction and complete the purchase, all within five days.
Debra Tucker, Attorney, CPA and Founder of The Tucker Firm, LLC
Mag Mile has been a trusted advisor of ours for a long time. There were a lot of hurdles to overcome in order for this deal to happen, and we knew Mag Mile had relationships with lenders who are serious and capable of delivering in view of our tight deadline.
Owner Atlanta Retail Center
We chose Mag Mile to lead the financing because of both our long-standing relationship and the fact that we knew they could get the job done.
Michael Christie, Heritage Capital Investments, LLC
Because it marked our first historic renovation project, we relied on Mag Mile Capital’s tax credit expertise and lender relationships to help us navigate this complex process. We were extremely pleased with the results.
JJ Smith, Executive Vice President of Development for Campus Acquisitions
We liked Mag Mile because they seemed like very honest, hardworking guys, and they weren’t just thinking of their fee. And they didn’t give up, which was key…I really can’t say enough good things.
Musa Tadros, CEO, Crown Properties
As first-time CMBS borrowers, we appreciated how they thoroughly explained the process at every stage so we felt at ease. Also, they helped us secure favorable terms on a complicated deal in which closing had to occur by a certain date. I cannot recommend them highly enough and will most certainly use them again on future transactions.
Paul Saran, Son of Borrower and Hotel Owner Mohan Saran
I count my association with Mag Mile as one of the difference makers for our company’s success in these difficult times when so many of my colleagues are looking for creative solutions to their capital stack. In our business we talk about hiring the attitude and teaching the skill, and in this case we hit a home run on both counts.
Julian MacQueen, CEO of Innisfree Hotels
We have found that: 1) knowledge of the multifamily marketplace; 2) the application of creative and conventional financing structures; 3) the ability to break down complex deals into manageable pieces; and 4) to aggressively pursue great solutions has been a trademark talent at Mag Mile.
Rick Cavenaugh,President of Stoneleigh Companies
Mac took the time to understand our business plan for the acquisition and came with the right lending solution for the deal. We’ve worked with Mac over the past several years, and he has always been a reliable sounding board for us as we review various deal structures and financing options. He is one of most astute and detail oriented brokers we’ve worked with, and his calm and effective communication style helps to quickly move transactions toward a timely closing.
Nik Turik,HAN Capital
Mag Mile Capital was instrumental in facilitating CIG’s acquisition of St. Andrews Apartments in Columbia.
Hannah Taylor, Cohen Investment Group, LLC

ABOUT US

Turning Relationships Into Closings Since 1991.

FOLLOW US

DEBT PLACEMENT

EQUITY ARRANGEMENT

SPECIAL SERVICES

Representative Transactions

Ivy Walk Shoppes Retails

Four Points By Sheraton

St. Andrews Appartments

Fulton Market Office Building

West Loop City Winery

Hampton Inn & Suites

Crown Plaza

Holiday Inn Express

Inner Circle

Mariott Fairfield Inn & Suites

A Gold Mine Storage

RiverWalk II

CLIENT TESTIMONIALS

LATEST NEWS & TIPS

FROM NEWS BLOG

Mag Mile Capital Arranges $5,675,000 Senior Loan with CPACE for an Adaptive Reuse Project in Minneapolis, MN

Mag Mile Capital Secures $20 Million Cash Out Financing for Institutionally Owned Light Industrial R&D/Flex Property in San Jose, California

MAG MILE CAPITAL MERGES WITH MYSON, BECOMES PUBLICLY TRADED COMPANY

Mag Mile Capital Announces $21.3 Million Loan Closing for the New Construction and Development of Multifamily Apartments in Chaska, MN.

Mag Mile Capital Completes $7.4 Million Loan for Holiday Inn Express in Thriving Texas College Town of San Marcos

Mag Mile Capital Secures $1.575 Million Loan for Retail Property in Great Smoky Mountains Community of Highlands, North Carolina

Mag Mile Capital Finalizes $6.5 Million Loan secured by Educational Facilities in North Carolina

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