T-Max Lending LLC has successfully arranged financing for the construction of an mixed-use commercial complex in Decatur, Illinois. The loan was structured at an 8.9% interest rate with an 85% loan-to-value (LTV), a 24-months term, and a six-month extension option. The financing covers the project’s development costs, with repayment structured from lease-up proceeds following the commencement of operations.
Situated on 5.82 acres, the new development will feature a diverse mix of commercial floors, professional office suites, and fitness and wellness facilities. Additional amenities include conference and meeting rooms, communal green spaces, playgrounds, and seating areas. Construction is scheduled to begin in December, with project completion expected by mid-2026.
The proposed mixed‑use development is ideally sited along Jasper Street, a key corridor in Decatur that’s currently being revitalized under the city’s Great Streets, Great Neighborhoods initiative. The site is positioned to capitalize on Decatur’s ongoing economic revitalization, with increasing demand for modern office space, fitness and wellness facilities, and lifestyle-oriented retail. Its proximity to public transportation and regional employment centers enhances accessibility for tenants and visitors, while the visibility from main roads provides strong branding and marketing potential for commercial occupants.
Additionally, this location gives easy access to Decatur’s Downtown Historic District, roughly bounded by Merchant, Water, Wood, and Church Streets. The downtown area’s density of commercial buildings, civic spaces, and historic architecture ensures strong walkability and visibility from surrounding neighborhoods.
The transaction was sourced by a broker, who joined T-Max Lending as a broker last month. Recognizing the urgency of the deal, he presented it for immediate review, emphasizing the need for a lender capable of fast underwriting and reliable execution. Underwriters Jackson Valerie, Senior Vice President, and Mason Simmons, CFO, led the accelerated review process, evaluating the asset, sponsor profile, and loan structure. Their collaborative underwriting ensured the borrower’s time-sensitive requirements were met without compromising risk assessment or deal integrity.
“Having collaborated with the broker for over ten years, we had full confidence in his judgment and industry expertise,” said the sponsor. “When he recommended T-Max Lending for this transaction, we were certain they could deliver within the required time frame after our introductory call with Jackson. Throughout the process, the T-Max team demonstrated exceptional communication, keeping us informed at every stage, addressing questions promptly, and making decisions efficiently. Their professionalism and responsiveness made a complex, time-sensitive transaction seamless, allowing us to focus on the development rather than the financing.
He added, “T-Max Lending’s combination of speed and thorough underwriting provided assurance that the loan structure was both sound and flexible. From start to finish, the process was smooth, transparent, and highly collaborative exactly what was needed to advance this project successfully.”
“This project exemplifies T-Max Lending’s commitment to supporting high-quality, mixed-use developments that drive economic growth and provide vibrant spaces for businesses and residents,” said Jackson Valerie, Senior Vice President of T-Max Lending LLC. “Our financing solution ensures the developer has the resources to bring this innovative property to life, with repayment aligned to the property’s successful lease-up.”