Deal Details
Private Loan Type
Refinance
Approx. Funding Date
07/28/2022
Property Type
Mixed-Use
Retail
Property City
Elk Rapids
Property State
MI
Loan-to-Value
56%
Building Square Footage
4,686
Lot Acreage
68
Deal Summary
Our client closed on the refinance of current debt in July of 2022. The collateral properties used are located in Elk Rapids, Michigan and Williamsburg, Michigan. The loan proceeds were used to pay off the current debt on the properties as well as provide working capital to provide improvements on the Williamsburg property. The property is mixed use with short-term lease apartments and retail.
Funded By
Commercial Capital BIDCO
Your go-to commercial bridge loan provider for urgent opportunities.
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