Mag Mile Capital, Inc.

Overview

• Full-service commercial real estate mortgage banking firm.
• National platform of capital markets specialists focused on real estate financing across the full capital stack.

Services and capabilities

• Provides bridge financing, mezzanine debt, permanent debt placement, and equity arrangements across all major real estate asset classes.
• Serves real estate investors, developers, and entrepreneurs with structured debt and equity advisory solutions and placement.
• Sources financing and equity from a broad network of capital partners, including family offices, hedge funds, private equity firms, investment banks, life insurance companies, money center and regional banks, mortgage and equity REITs, and sovereign wealth funds.
• Works across hotels, multifamily, office, retail, industrial, healthcare, self-storage, and special purpose properties.
• Uses CapLogiq, a commercial real estate origination software platform that incorporates automation and artificial intelligence to improve the efficiency of the loan closing process.

Customers

• Includes franchisees of hotel brands such as Hilton, Hyatt, Marriott, Four Seasons, and Wyndham.

Geographic footprint and offices

• Headquarters: Chicago, Illinois.
• National presence with offices in New York, Massachusetts, Connecticut, Florida, Texas, Michigan, Colorado, and Nevada.
• Additional shared-space offices in Ann Arbor (MI); Dallas and Houston (TX); Orlando (FL); New York (NY); and Westport (CT).
• Corporate address: 1141 W. Randolph St., Chicago, IL 60607. Lease at 1141 W. Randolph Street, 2nd Floor, with renewal option extended to December 31, 2028; lease for basement space effective January 1, 2025.

Corporate history and status

• Completed a reverse merger with Megamile Capital, Inc. d/b/a Mag Mile Capital on March 30, 2023; Mag Mile Capital became the primary business.
• Following the merger, Mag Mile Capital shareholders owned approximately 88% of the issued and outstanding common stock.
• Oklahoma Secretary of State accepted the Certificate of Merger on April 12, 2023.
• Amendment to change the name to Mag Mile Capital, Inc. filed May 15, 2023; name change effective June 16, 2023. Trading symbol MMCP became effective on OTC Markets on September 5, 2023.
• The company elects treatment as an emerging growth company and, as a smaller reporting company, uses certain reduced disclosure options.

Growth strategies

• Invest in sales and marketing to attract new customers and use public company status to enhance compensation and recruit talent.
• Pursue strategic acquisitions to support growth and use public company status to offer favorable terms.

Financial disclosure and status

• Identifies as an emerging growth company eligible for JOBS Act-related exemptions, including reduced executive compensation disclosure, no non-binding shareholder votes on executive compensation, exemption from auditor attestation for internal control over financial reporting, and reduced financial disclosures (two years of audited financial information and two years of selected financial information).
• Also described as a smaller reporting company with corresponding disclosure exemptions.

Financial metrics

• Personnel have collectively raised over $9 billion in real estate financing over their combined 29 years of industry experience.

Other details

• Uses historic tax credits and federal/state New Markets Tax Credits to originate financing alternatives.
• Emphasizes a diversified capital access network and the use of automation and AI through CapLogiq to increase efficiency in loan closings.
• No material pending legal proceedings were disclosed in the document.