Ready Capital Provides $8.8M Acquisition Loan For Industrial Property On E. Walton Blvd. In Auburn Hills, MI

The industrial property located at 2430 E. Walton Blvd. in Auburn Hills, MI has been involved in a recent transaction. The property spans an area of 125,000 square feet, making it suitable for various industrial purposes. The deal was closed on January 14, 2022, with the assistance of brokers Dov Jeremias and Joel Chetner from Meridian Capital Group. The transaction involved securing a loan from Ready Capital for the acquisition of the property, amounting to $8,800,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,800,000
• Address: 2430 E. Walton Blvd., Auburn Hills, MI
• Market: Auburn Hills, MI
• Brokers: Dov Jeremias & Joel Chetner - Meridian Capital Group

Dov Jeremias and Joel Chetner, representing Meridian Capital Group, played a crucial role in facilitating the successful completion of the transaction. Their expertise and negotiation skills were instrumental in securing the loan from Ready Capital. This collaboration between the brokers, the lender, and the parties involved in the acquisition of the industrial property demonstrates the commitment to the growth and development of the Auburn Hills market in Michigan.