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Pontiac Michigan
FINANCED

Maverick Commercial Mortgage Secures $9M Loan For Industrial Portfolio In Michigan

Pontiac Michigan

Industrial
151,735 SF
clock iconFinanced 94 days ago
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Summary

Loan
INDIANA
Industrial
151,735 sqft

The industrial portfolio in Pontiac, Farmington Hills, and Bay City, Michigan, spanning a total of 151,735 square feet, has secured a $9 million first mortgage loan. The loan, facilitated by Maverick Commercial Mortgage Inc. on behalf of 1788 Holdings LLC, a Maryland-based real estate investment firm, is provided by a regional bank and has a term of five years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,000,000
  • Address: Pontiac, Farmington Hills, and Bay City, Michigan
  • Market: Pontiac, Farmington Hills & Bay City, Michigan
  • Landlord: 1788 Holdings LLC
  • Broker: Maverick Commercial Mortgage Inc.

Maverick Commercial Mortgage Inc. acted as the intermediary in securing the loan for the industrial portfolio in Michigan. 1788 Holdings LLC, a real estate investment firm specializing in repositioning industrial properties, was the recipient of the $9 million loan. The properties in Pontiac, Farmington Hills, and Bay City are set to benefit from this financing, creating opportunities for further development and enhancement within the industrial real estate sector.

Details

Deal Summary
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FINANCED
IMAGE: 04/11/2024 ADDRESS: Industrial Portfolio MARKET: Pontiac, Farmington Hills & Bay City, Michigan ASSET TYPE: Industrial ~ SF: 151,735 LANDLORD: 1788 Holdings LLC BROKER: Maverick Commercial Mortgage Inc. LOAN AMOUNT: $9,000,000 LOAN TERMS: five-year NOTE: Maverick Commercial Mortgage Inc. has secured a $9 million first mortgage loan for three industrial buildings in Michigan on behalf of 1788 Holdings LLC, a Maryland-based real estate investment firm specializing in repositioning industrial properties. The loan, provided by a regional bank, spans five years and covers properties in Pontiac, Farmington Hills, and Bay City totaling 151,735 square feet. City

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AddressPontiac Michigan

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