High Tech Industrial
Location: Novi, MI
Loan Amount: $9,300,000
Term: 20 Years Firm
Amortization: 20 Years
Execution: Life Company
84,000 SF Single Tenant Industrial Building to a Non-Rated Credit Tenant
District Capital was able to procure a 20-year fixed loan for a non-investment grade tenant with 12.5 years remaining on its lease.
This was accomplished by thoroughly analyzing the tenant financials, understanding and explaining their business model and getting the lender comfortable with the real estate.