Skip to content
$7,500,000 | Lansing, MI building

Lansing, MI

Transaction Type

Loan Refinance


Loan Type

Bridge Loan

Situation & Challenges

  • Class B distribution warehouse
  • Within first year of loan term, property was 50% occupied by a single tenant with less than 2 years remaining on the lease term
  • Current and prospective tenants have strong ties to the automotive industry
  • Future facilities necessary for CapEx and tenant improvements/leasing commissions (TI/LCs) for identified repairs and improvements to lease-up and stabilize the property

Solutions & Highlights

  • Structured over $1 million in future facilities
  • Offered the tenant two options for a 7-year lease renewal
  • Tenants can use the Property for either distribution or light manufacturing, as needed
  • 5-year loan term with extensions