Detroit Industrial Property Detroit Industrial Property 2 Detroit Industrial Property 3 Detroit Industrial Property 4
Situation/Challenges
  • Class B industrial warehouse building
  • 94.5% occupied at closing
  • 100% of leases roll during loan term
  • Cap-Ex facility needed to address repair and replacement items during loan term
  • Detroit, MI metro area
Solutions/Highlights
  • Structured future CapEx facility of $650,000
  • Property is stabilized and appears to have additional upside with regards to current market rents
  • Sponsor owns other similar assets in this market
  • Non-recourse
  • 3-year term plus extensions