Integris Ventures Secures $15.5 Million Refinance Loan For Troy Corporate Center In Michigan

The asset involved in this transaction is the Troy Corporate Center, an office property located at 880 West Long Lake Road in Troy, MI. The building encompasses 189,790 square feet. The loan amount associated with this property is $15,500,000, which was arranged as a refinance transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,500,000
• Loan Type: Refinance
• Loan Terms: Nonrecourse loan, 30-year amortization
• Landlord: Integris Ventures
• Brokers: Dan Rosenberg, Logan Petersmeyer & Isabella Barrios - Bellwether Enterprise (BWE)

Bellwether Enterprise facilitated the refinancing loan for Integris Ventures, which followed a significant renovation that increased the office building's occupancy to near full capacity. A life insurance company provided the nonrecourse loan for this transaction.