Industrial Cash-out Refi

$8,250,000 105,000 SF Suburban Industrial Cash-out Refinance

Location: Suburban Detroit
Loan Amount: $8,250,000
Term: 10 Years
Amortization: 25 Years
Execution: Life Insurance Company

District Capital recently closed this single, non-credit-rated tenant industrial loan in suburban Detroit.  This $8,250,000 refinance was a life insurance company execution, cash-out, 70%LTV, and a 10-year fixed-rate and 25-year amortization.