Shane, who works out of iCap Realty Advisor's office in Troy, negotiated a $3.2-million loan on Bloomfield Professional, a 41,000-sf medical office building located in this Detroit suburb.
The 10-year fixed-rate loan, amortized over 30 years was placed with Column Financial. The non-recourse loan carries a 5.15 % interest rate.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium contentNOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
