News Blog

CHICAGO , April 12, 2022 /PRNewswire/ -- Mag Mile Capital is pleased to announce that Rushi Shah, Principal and CEO, and Prabhat Jayara, VP and Head of Underwriting/Senior Originator completed a $5,785,000 loan to help a client refinance the 89-room Hampton Inn Hilton located in Texarkana, Arkansas – a historic city and outdoor-fun hub that sits at the crossroads of four U.S. states. The Hampton [...]

CHICAGO, March 24, 2022 – Mag Mile Capital happily announced that Rushi Shah, Principal and CEO; Prabhat Jayara, Vice President of Originations; and Francisco Nacorda, SVP of Originations all recently completed a $4,690,000 five-year loan to help a client secure a luxury multifamily residence located right in the heart of Chicago’s Gold Coast district. The [...]

MINNEAPOLIS, Feb. 14, 2022 /PRNewswire/ -- Mag Mile Capital is pleased to announce Cody Harper, Vice President of Originations in the firm's Chicago office, and Matt Weilgus, Senior Vice-President of Originations in the firm's Westport, CT office have completed an $8,900,000, ten-year construction-to-permanent loan for the acquisition and new construction of 1000 Main Street (www.1000mainstreet.com) - a five-story, 49-unit apartment building in the dynamic Saint [...]

CHICAGO – Mag Mile Capital is pleased to announce Matt Weilgus, Senior Vice President of Originations and General Counsel in the firm’s Westport, Connecticut office, has secured $1,800,000 in acquisition financing in connection with a multi-tenant retail property located at 69 Washington Street in Norwell, Massachusetts. “We were able to secure a very competitive rate [...]

CHICAGO – Mag Mile Capital is pleased to announce Paula Mello, Senior Vice-President in the firm’s Boston office, and Matt Weilgus, Senior Vice-President of Originations in the firm’s Westport, CT office have completed a $3,032,751, 10-year, fixed rate loan for a NNN retail property located at 3498 Victory Drive in Columbus, Georgia. The private investor, [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Principal & CEO Rushi Shah and Vice President Prabhat Jayara have completed a $13,800,000 non-recourse, interest-only acquisition bridge loan for an Atlanta-area investor with a two-property hotel portfolio.                The Atlanta-area hotel portfolio includes the 79-room Fairfield Inn & Suites located at 690 Market [...]

CHICAGO – Mag Mile Capital is pleased to announce that Cody Harper has joined the team as Vice President of Originations and will be based out of the firm’s Chicago office.                 In his new role with Mag Mile, Harper will be responsible for originating and closing transactions for clients, providing capital advisory, as well [...]

Productivity and Delta Variant Historically in commercial real estate as well as in capital markets, summer has seen significant productivity slump. However, in 2020 and 2021 spring and summer were particularly slow from a productivity standpoint with pandemic related virtual learning and work from home crowd. Many companies are starting to call back employees in [...]

CHICAGO – Mag Mile Capital is pleased to announce Paula Mello, Senior Vice President in the firm’s Boston office, and Matt Weilgus, Senior Vice President in the firm’s Westport, Connecticut office have completed a $5,135,000, 10-year, fixed-rate loan for a NNN retail property in Dunwoody, Georgia.                 Located at 1730 Mt. Vernon Road, in the [...]

CHICAGO – Mag Mile Capital is pleased to announce the firm’s Principal & CEO Rushi Shah and Vice President Prabhat Jayara have completed an $8,100,000 non-recourse, interest-only loan for an institutional investor with plans to convert a former hotel to apartment housing.                 Located at 2032 N. Evangeline Thruway in Lafayette, Louisiana, the former full-service [...]