Mag Mile Capital Completes $16.5 Million CMBS Loan for Two Hotels Properties in Texas

Mag Mile Capital is pleased to announce that Rushi Shah, Principal and CEO; Rob Bernstein, EVP, Capital Markets & Originations; Senior Vice President Michael Taylor; and Vice President Prabhat Jayara have completed a $16,500,000 non-recourse, CMBS loan on behalf of Nexgen Management for two hotel properties. Shah and Taylor originated the loan and Senior Vice President Heather Madsen provided the closing services and completed the loan processing.

Mag Mile Capital Group Expands with Three New Hires

Rushi Shah, Principal and CEO of Mag Mile Capital is pleased to announce the firm has hired Robert Scarantino as Senior Vice President of Originations, Ross Groedel as an Analyst for the underwriting team, and Julia Pratt as Marketing and Operations Coordinator. Scarantino will join the firm’s East Coast team, while Groedel and Pratt will be based at the firm’s headquarter office in Chicago.

Mag Mile Capital Opens East Coast Office Led by Rob Bernstein and Announces $55.1 Million in Transactions

Rushi Shah, Principal and CEO of Mag Mile Capital is pleased to announce the firm is opening a second East Coast location in Connecticut, which will be led by the firm’s Executive Vice President of Originations and Head of Capital Markets and Placements Rob Bernstein who has recently closed $55,090,000 million in loan transactions on behalf of Mag Mile Capital. Bernstein will also continue to oversee the firm’s New York City office.

Mag Mile Capital Finances $32.05 Million for Three Hotels in California and South Carolina

Mag Mile Capital is pleased to announce the firm has arranged financing for three hotel properties including a Holiday Inn Express in South Carolina, a Hampton Inn & Suites in California, and a IHG Select Service Hotel also in California. The loans were originated by Associate Vice President Suraj Desai and serviced and closed by Ian Carlos, Mac Dobson and Heather Madsen, respectively.

Mag Mile Capital Completes $2.15 Million Loan for Self Storage Facility in Colorado Springs

CHICAGO – Mag Mile Capital is pleased to announce that Mac Dobson, senior vice president, has completed a $2,150,000 loan for a self storage facility on behalf of the borrower, HAN Capital, located at 4526 Oro Blanco Drive, Colorado Springs, Colorado. HAN Capital is an experienced storage group with approximately 7,000 units currently under management.

Aries Conlon Capital Rebrands to Mag Mile Capital and Relocates to Willis Tower

CHICAGO – Chief Executive Officer and Principal Rushi Shah is pleased to announce the rebrand of Aries Conlon Capital to Mag Mile Capital. The firm is relocating its Chicago headquarter offices to the Willis Tower and will maintain its presence in the New York, Texas and the Southeast markets. Shah will continue as Principal and CEO of Mag Mile Capital and retain the same sales team, pipeline and national commercial mortgage and investment banking platform moving forward. Neil Freeman and Sean Conlon will remain with their original organizations, Aries Capital, LLC and Conlon and Co respectively, and will have no ownership interest in Mag Mile Capital.

Aries Conlon Capital Closes $9 Million Non-Recourse, CMBS Permanent Loan for Holiday Inn Express in FL

Aries Conlon Capital is pleased to announce that the boutique commercial real estate mortgage and investment banking firm has closed on a $9 million, non-recourse, CMBS permanent loan for the refinance of the Holiday Inn Express Lake Wales N-Winter Haven in Lake Wales, FL.  Aries Conlon Capital Senior Vice President Francisco Nacorda originated the loan on behalf of the hotel’s owner, Dr. Japinder Singh.

Aries Conlon Capital Arranges $1.9 Million CMBS Permanent Loan for Storage, Office, Warehouse Flex Space in MI

Aries Conlon Capital is pleased to announce that the firm has closed on a $1.9 million, non-recourse, CMBS permanent loan for Security Storage. The site includes 361 storage units, and approximately 17,000 square feet of office/warehouse flex space located at 1650 Barlow Street in Traverse City, Michigan.  Aries Conlon Capital Senior Vice President Mac Dobson, based in Ann Arbor, Michigan, arranged the financing on behalf of the property’s owner, Jim Harvey.

Aries Conlon Capital Closes $10.15 Million Loan for FL Best Western Hotel

Aries Conlon Capital has closed on a $10.15 million, non-recourse, CMBS permanent loan with significant cash out for the Best Western Castillo Del Sol in Ormond Beach, Florida.  Senior Vice President Francisco Nacorda originated the loan for the 147-key limited services hotel and Associate Vice President Prabhat Jayara and Vice President Heather Madsen managed the processing and closing.