80,000sf Mixed Use 

Acquisition Financing

Location: Midwest, Michigan
Loan Amount: $14,500,000
Term: 25 Year
Amortization: 25 Year
Execution: Life Insurance Company  

• Midwest, walkable downtown
• No escrows. No reserves.
• No property performance covenants
• Max Proceeds = Underwritten to 1.25x DSCR
• 90-day free rate lock at application saved borrower 65 bps on rate