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  • Class B industrial warehouse building
  • 94.5% occupied at closing
  • 100% of leases roll during loan term
  • Cap-Ex facility needed to address repair and replacement items during loan term
  • Detroit, MI metro area
  • Structured future CapEx facility of $650,000
  • Property is stabilized and appears to have additional upside with regards to current market rents
  • Sponsor owns other similar assets in this market
  • Non-recourse
  • 3-year term plus extensions