Link Representative For Property
Title
Commercial Real Estate Lending - Rapid Expansion due to Covid, National Net Branches Now Available
Affiliated Company
11 Capital Finance, LLC “11Cap”
Asset Focus
Office
Retail
Industrial
Land
Multifamily
Special Purpose
Mixed Use
Other
Listing Data Provided By
Address
Undisclosed Detroit Michigan 48127
Building/Land Information
Property Type
Mixed Use
Property Subtype
Other
Description
Property Type: 5 Single Family; 2 Duplex • Loan Type: Blanket Cash-out Refinance • Loan Amount $481,500 • Location: Detroit, MI • Special: 1. Many entities involved causing title and legal delays 2. Lender offered a non-recourse loan 3. 3 of the 4 borrowers were foreign nationals
Location Description
Detroit is the largest city in the midwestern state of Michigan. Near Downtown, the neoclassical Detroit Institute of Arts is famed for the Detroit Industry Murals painted by Diego Rivera, and inspired by the city’s ties to the auto industry, giving it the nickname "Motor City." Detroit is also the birthplace of Motown Records, whose chart-topping history is on display at their original headquarters, Hitsville U.S.A.
