Seeking $26 Million Real Estate Bridge Loan

Now Accepting Letters of Interest

Opportunity

FUND: $26 million real estate loan ($34.96 psf)
COLLATERAL: 4 class A office buildings (743,690 sf)
LOCATION: West 11 Mile Road, Southfield, Michigan
PURPOSE: Exit Chapter 11
APPRAISED VALUE (as-is): $39,000,000* (i.e., $52.44 psf) (67% LTV)

 

Bridge Loan for Southfield MI Portfolio - Teaser 2-5-19 Final

NDA for Southfield MI Bridge Loan Opportunity - 2-12-19

 

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Appraisal Summary

Three Tower Complex – Towers 100, 200 & 300

  • As-Is Market Value (1/29/19): $34,900,000 ($61.77 psf)
  • Prospective Stabilization Value: $60,000,000

*Tower 350

  • Completed appraisal expected by March 1, 2019

Contact

Harold Bordwin
(646) 381-9201

Matt Bordwin
(646) 381-9202

Chris Mahoney
(646) 381-9205

Heather Milazzo
(646) 381-9207