Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Maverick Commercial arranges construction loan for Pilsen co-living project

December 26, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Maverick Commercial Mortgage, Inc. announced the funding of $17,000,000 in construction financing for a ground-up co-living development in Pilsen, the culturally rich neighborhood on Chicago’s West Side. The construction loan closed on November 20, 2018, has been funded by a regional bank and will finance the construction of the 223-bed property called Common Addams.

Common Addams is the third partnership in Chicago between Common and CityPads. The development will offer four stories of co-living apartments meant to provide city-dwellers with a stress-free, all-inclusive living environment. It will be the largest co-living home in the Midwest and the second co-living option in Pilsen, highlighting almost $1 billion of urban investment in this historic Chicago neighborhood.

“We’re pleased to have arranged the funding for this innovative project that builds on the ongoing neighborhood momentum in Pilsen,” said Ben Kadish, president and founder, Maverick Commercial Mortgage.

The project is expected to open in 2020 and will include 54 four-bedroom units, 59 on-site parking spaces and more than 5,000 square feet of amenity space for the residents. Amenities will include a lounge, movie room, 24-hour gym, decorated roof deck and in-suite laundry. Each unit and shared space will be fully furnished and designed by Common’s in-house design and architecture team, curated to promote the ease and comfort of shared living.

Tags
Chicagocitypadsco-livingcommonfinanceMaverick Commercial MortgagemultifamilyPilsen
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasCRE

Chelby Sanders joins Cresa

September 22, 2023
IllinoisIndustrial

Lee & Associates of Illinois acts as sole broker in full-building Des Plaines industrial lease

September 22, 2023
IllinoisCRE

Golub & Company honors Debbie Frank’s legacy with Buck-It Bash fundraiser

September 22, 2023
IllinoisOffice

Chicago investor buys $30 million office building near O’Hare

Mia GoulartSeptember 22, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com