Magna Mirrors

Property Name: Magna Mirrors
Location: Grand Rapids, MI
Property Type: Office/Warehouse
Transaction Type: Acquisition Financing
Loan Amount: $2,425,000
Details: “Starting six months prior to the existing loan’s maturity, we worked with our repeat California investor to identify suitable lenders for this transaction. We leveraged our relationship with StanCorp to structure a fixed rate loan with a coupon in the low 4%’s. The borrower was given multiple options, but chose to work with us because of closing certainty. In the end, it was a win for both borrower and lender.”
More Info: Matt Franke at 713-871-5811 or contact me