Magellan refinances 298-unit Exhibit on Superior with $115M loan

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Check company information for Magellan Mortgage Group in LOUISVILLE, KY. Visit to access the business research you need.

Magellan Development took out a $115 million mortgage on its 298-unit Exhibit on Superior apartment building in River North. The developer paid about $11.5 million for the property at 165 West.

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Brokers say borrowers should only look to new near-prime lender Magellan Homeloans for a mortgage if they were "desperate", with its products seen as a last resort. The lender launched earlier.

Magellan Mortgage, LLC provides home loans, refinancing, equity lines, and construction financing.

About Magellan Homeloans. Magellan Homeloans is a trading name of mars capital finance Limited, which was founded in 2008 as a specialist mortgage lender. A range of mortgage services are offered via professional brokers, so you will need to get in touch with an intermediary in order to apply for a Magellan Homeloan.

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Here are the monthly payments for a $649,000 home loan based on a down payment and current mortgage rate averages from Freddie Mac as of July 25, 2019. Check LendingTree to see current rates from multiple lenders or view the mortgage providers listed below.

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