7,151 SF Retail Building

$1,275,000 Retail Building

Asset Type: Retail
Location: Detroit, MI
Security: Permanent
Loan Size: $1,275,000

District Capital was able to procure a 20-year fixed-rate loan for a non-investment grade tenant with 11 years remaining on its lease. The loan was rate locked 75 days in advance of closing, allowing the Borrower to lock at the floor rate.  Total Closing costs including 3rds party report and legal were less than $10,000.