May 25, 2020 Comments Off on Mag Mile Secures $1M Acquisition Loan for Commercial Property in Charlotte Views: 521 Atlanta News, Southeast Atlanta

Mag Mile Secures $1M Acquisition Loan for Commercial Property in Charlotte

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Mag Mile Capital has secured a $1.3 million acquisition loan for a 17,018-square-foot commercial property occupied by early childhood education tenant Guidepost Montessori in Charlotte.

Matt Weilgus of Mag Mile Capital secured the financing on behalf of a private property investor. The non-recourse loan was arranged through Truliant Federal Credit Union, and features a 10-year term with an interest rate of 3.9%.

In addition, Weilgus also facilitated an $850,000 loan for a medical office property for the same borrower through Truliant. Located at 110 S. Estes Dr. in Chapel Hill, North Carolina, the 9,800 square foot property is occupied by a single tenant in the healthcare field.

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