Corktown Mixed Use

$6,000,000 Short Term Bridge Financing

Asset Type: Mixed Use
Location: Detroit, MI
Security: Bridge
Loan Size: $6,000,000

D-Cap is pleased to announce the recent funding of a mixed-use project in the Corktown neighborhood of Detroit.  The property includes a mix of retail and multi-family apartment units.  The financing was provided by a local bank which included a 3-year term with extension options.  The closing was quick, cost-effective, and provided the client with the flexibility they needed with a balance sheet lender for a property in transition.