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CBD Detroit Office Tower

$40,000,000 CBD Detroit Office Tower Financing

Location: Detroit, MI
Loan Amount: $40,000,000
Term: 3 Years
Amortization: Interest Only 
Execution: Debt Fund

District Capital is pleased to announce the recent closing of a $40,000,000 bridge loan to provide financing for the acquisition of an office tower in the CBD of Detroit. The loan will also fund future capital improvements and leasing costs at the property. This value-add bridge loan was procured during the COVID-19 pandemic.