EJM Highland Park, LLC Secures $32M Loan For 444,153 Square Foot Industrial Property In Highland Park
$32,000,000
$72/SF
Building Size
444,153 SF
Asset Type
Industrial
Closing
Feb 24, 2026
AI
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.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93