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EJM Highland Park, LLC Secures $32M Loan For 444,153 Square Foot Industrial Property In Highland Park
FINANCED
$32,000,000
Michigan
See Similar DealsIndustrial444,153 SF
Financed 02/24/2026
FINANCED
EJM Highland Park, LLC Secures $32M Loan For 444,153 Square Foot Industrial Property In Highland Park
Industrial444,153 SF
Financed 02/24/2026
Summary
Asset Type:Industrial
Price Per Square Foot:$72
Total Square Footage:444,153 SF
Transaction Type:Loan
An industrial property located in Highland Park, MI, encompasses 444,153 square feet. A loan for the amount of $32,000,000 has been arranged to refinance this asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Square Footage: 444,153
- Market: Highland Park, MI
- Borrower: EJM Highland Park, LLC
- Broker: Joshua Bernard - Bernard Financial Group
- Correspondent Lender: BFG-affiliated life insurance company
- Loan Servicing: Bernard Financial Group
Joshua Bernard led the loan origination for this transaction, representing the interests of the borrower, EJM Highland Park, LLC. Bernard Financial Group is actively involved in managing the loan servicing for the industrial asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,000,000.00
Monthly NOI$213,333.33
Monthly Debt Service$202,261.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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