DRA Advisors Secures $173 Million Loan Refinancing Industrial Asset In Detroit, MI

The property asset involved in the transaction is an industrial space located at 13750 Rotunda Drive, Detroit, MI. The asset encompasses a total of 2,185,200 square feet and is associated with a loan amount of $173,000,000, categorized as a refinance.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $173,000,000
• Loan Amount: $173,000,000
• Loan Type: Refinance
• Borrower: DRA Advisors – Brett Gottlieb & Burton-Katzman – Andy Boyce
• Lender: Brian Moynihan - Bank of America & Gunjan Kedia - U.S. Bank
• Landlord's Representative: Jordan Roeschlaub, Nick Scribani, John Caraviello, Dan Axelson, Stavros Giannakopoulos & Adam Doneger - Newmark

The transaction features key individuals and firms, including DRA Advisors represented by Brett Gottlieb and Burton-Katzman with Andy Boyce. The lending institutions include Bank of America led by Brian Moynihan and U.S. Bank represented by Gunjan Kedia. The extensive involvement of Newmark is highlighted through its representatives Jordan Roeschlaub, Nick Scribani, John Caraviello, Dan Axelson, Stavros Giannakopoulos, and Adam Doneger in this refinancing deal.