News Blog

BOSTON, July 13, 2022 /PRNewswire/ -- Mag Mile Capital recently announced that Paula Mello, SVP of Originations, and Matt Weilgus, SVP, Head of Originations & General Counsel, successfully finalized a loan for $6,589,158 to help their repeat client, Freeport Equity, acquire two special-use retail NNN-leased facilities in Cary and Morrisville, North Carolina. Both buildings are leased by Montessori schools in two thriving towns. Cary routinely ranks as one [...]

HOUSTON, July 12, 2022 /PRNewswire/ -- Mag Mile Capital proudly announced that Leonard Smith, Senior Vice President, just finalized a loan for $1,750,000 to refinance a parcel of land attached to the Big Rivers Water and Theme Park development in Grand Texas, North of Houston. The scope of the overall Grand Texas project is enormous and ambitious, with over 600 acres of amusement [...]

CHICAGO, July 8, 2022 /PRNewswire/ -- Mag Mile Capital proudly announced that Francisco Nacorda, SVP of Originations, recently finished a combined $8,888,000 loan for two properties in two states: a Clarion Inn with 194 rooms and Comfort Inn with 75 rooms in Fredericksburg; and a retail property of 173,000 sq. ft. in Madison, with 80% of NOI from National and NNN tenants. Mag Mile [...]

MEMPHIS, Tenn., June 30, 2022 /PRNewswire/ -- Mag Mile Capital announced that Matt Weilgus, SVP and Head of Originations, successfully completed a $4 million loan to secure funds needed to purchase and renovate an old Sears store into a modern 854-unit, 83,040 sq. ft. self-storage facility. Branded as and managed by Public Storage, the facility is located in the first enclosed mall [...]

BALTIMORE, June 27, 2022 /PRNewswire/ -- Mag Mile Capital happily announced that agent Francisco Nacorda recently closed a loan for a 250-room Days Inn situated in downtown Baltimore, with ample access to the city's thriving historic districts like the grave and former home of Edgar Allan Poe, Oriole Park at Camden Yards, and the sprawling waterfront district of Baltimore's Inner Harbor. Mag Mile Capital is [...]

CHICAGO, May 9, 2022 /PRNewswire/ -- Mag Mile Capital is pleased to announce Cody Harper, VP of Originations has secured a $1,150,000 permanent loan financing in connection with an owner-occupied industrial/warehouse property located at 5115 Church Street in Skokie, Illinois. Mag Mile Capital The 30,500 square foot property is 90% leased to House of Rental, a second-generation, family-owned tool, equipment, and [...]

NEW YORK, April 29, 2022 /PRNewswire/ -- Mag Mile Capital recently announced that Bob Scarantino had secured a total loan of $8,850,000 to cover the purchase of three investment properties in New Jersey: a medical/dental office space in Hammonton, a multi-tenant office space in Egg Harbor Township, and another multi-tenant flex property with two buildings in Hammonton. Mag Mile Capital is a boutique-sized firm that offers preferred [...]

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 [...]