Maverick Commercial Mortgage closed four first mortgage loans for its client, Architectural Properties, the firm announced on Tuesday.
The four separate loans break down into $4.35 million, $3.95 million, $1 million and $576,000. They will finance multifamily properties in Matteson, Richton Park and Chicago Heights, and a 20,000-square-foot office building on Lincoln Highway in Matteson.
The portfolio as a whole is 95 percent occupied with the majority of the multifamily units eligible for sector 8 vouchers. The portfolio includes 10 properties with 138 apartments total
