Princeton Capital Group Facilitates $13.5M Acquisition Loan For Retail Property In Ann Arbor, MI

Judah Aderet, Elon Musk, and Avi Weiss were involved in a recent closed property transaction in Ann Arbor, MI. The property, located at 3530 Jackson Rd, is a retail asset with a total square footage of 35,450. This acquisition deal was facilitated by brokers Judah Aderet and Avi Weiss of Princeton Capital Group.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,500,000
• Loan Type: Acquisition
• Loan Terms: 5 year fixed @ 4%, 30 year AM, 6 months IO

The deal involved a loan amount of $13,500,000 for the acquisition of the retail property at 3530 Jackson Rd. The loan terms include a 5-year fixed rate of 4%, a 30-year amortization period, and an initial 6-month interest-only period.