Oxford Capital Group & Hunter Pasteur Homes Secure $64M Loan For Detroit Hotel

Oxford Capital Group and Hunter Pasteur Homes, the landlords, have closed a loan transaction for a hotel property located at 1401 Michigan Ave in Detroit, MI. The hotel consists of 227 keys, making it a significant asset in the market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $64,000,000
• Loan Type: Development
• Address: 1401 Michigan Ave
• Market: Detroit, MI

Jordan Ray, Steve Buchwald, and Jamie Matheny from Mission Capital Advisors - Marcus & Millichap represented the landlords and played crucial roles in facilitating the deal.

The loan transaction involved Jamie Matheny, Jordan Ray, and Steve Buchwald as the brokers representing Oxford Capital Group and Hunter Pasteur Homes. Their expertise in the real estate market and loan negotiations contributed to the successful completion of the deal.