District Capital Secures $20 Million Refinance Loan For 240000 Square Foot Industrial Building

The transaction involved a 240,000-square-foot flex industrial building located at 1 Continental Dr in Auburn Hills, MI. The loan amount secured for this property is $20,000,000, specifically structured as a refinance with nonrecourse terms.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Loan Type: Refinance
• Loan Terms: Nonrecourse
• Broker: Dave Dismondy - District Capital
• Date: 09/17/2024

District Capital, represented by broker Dave Dismondy, arranged the financing for this transaction. The loan offers relaxed amortization terms if the lease is extended, providing flexibility for future leasing arrangements.