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MAG MILE CAPITAL, INC (MMCP) is a leading commercial real estate financial advisory firm specializing in debt and equity placement. With a legacy dating back to 1991, the company has established a reputation for turning relationships into successful closings. They offer a wide range of financing solutions for acquisitions, refinancing, development projects, and more. MAG MILE CAPITAL has a strong network of lenders and investors, allowing them to provide tailored financial strategies to meet their clients' needs. The company prides itself on its commitment to transparency, integrity, and exceptional customer service.
Mag Mile Capital (OTCQB: MMCP) has successfully secured an $8 million bank syndication program financing for a manufactured home park development in Boardman, Oregon. The loan features a 65% loan-to-cost ratio with a five-year term, including an initial 18-month interest-only period during development, followed by a 25-year amortization schedule.
The transaction, which closed on February 3, 2025, was led by CEO Rushi Shah and SVP of Underwriting and Originations Prabhat Jayara. The financing structure demonstrates Mag Mile Capital's expertise in securing optimal financing solutions for commercial real estate investments, particularly in non-traditional asset classes and non-primary markets.
Mag Mile Capital (OTCQB: MMCP), a boutique commercial real estate mortgage banking firm, has announced that its common stock will begin trading on the OTCQB market as of January 30, 2025. The OTCQB, operated by OTC Markets Group Inc., is a regulated market that provides investors with access to company market information.
Trading under the symbol MMCP, the company aims to enhance liquidity and achieve fair valuation through this uplisting. CEO Rushi Shah expressed that this milestone should help execute growth plans by making shares more appealing to a broader investor base. Real-Time Level 2 quotes and financial disclosures are available on www.otcmarkets.com.
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