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DTP Associates Gets $5.8-Mil Industrial Loan

DETROIT-Financing for 128,000 sf of industrial space at 1275 Holloway Drive in Delta Township is arranged by Lutz Capital Corp. of suburban Farmington Hills. The lender was First Federal of Michigan.

By Robert Carr | Updated on March 22, 2001

DETROIT-Larry Harwood of Lutz Capital Corp. arranged a construction loan of $5.8million for a building at 1275 Holloway Drive in Delta Township. DTP Associates I LLC plans to build more than 128,000-sf of industrial space on the site.

The lender was First Federal of Michigan. Financing was arranged by Lutz Capital Corp., a division of Lutz Cos., headquartered in Farmington Hills, MI. The company places debt for all types of commercial properties with life insurance companies, conduits and banks.

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