MAVERICK SECURES $5.8 MILLION CONSTRUCTION LOAN FOR ILLINOIS DEALERSHIP

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GLENDALE HEIGHTS, ILL. —Benjamin Kadish of Maverick Commerical Mortgage Inc. has secured a $5.8 million construction and mini-per loan for Kelly Moon Properties LLC. The loan will finance a new, 40,000-square-foot Dodge Chrysler Jeep dealership to be built in Glendale Heights. Maverick secured the 21-year loan from an East Coast lending institution. The construction loan converts to a mini-perm loan after construction is completed. Charles River Development is building the dealership and the property is being designed by Northbrook, Ill.-based Interwork Architects. The building is slated for completion in mid-2012.

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