14,000 Mixed-Use 

$2,925,000 Covid Closing: 14,000 Mixed-Use Downtown Royal Oak

Location: Royal Oak, MI
Loan Amount: $2,925,000
Term: 10 Years
Amortization: 25 Years
Execution: Credit Union

District Capital is pleased to announce the recent funding of a 10-year/25-year amortization permanent loan for a three tenant fully renovated building in downtown Royal Oak. This was accomplished by thoroughly analyzing the tenant's financials, understanding, and explaining their business model, and getting the lender comfortable with the real estate.  Our close relationship with the borrower and lender enabled a smooth closing even during Covid.