Peter Rotchford and Justin Piasecki, both members of Avison Young’s debt, equity and loan sales team, recently sourced $16.2 million in permanent long-term financing for a 100-percent occupied 58,000-square-foot mixed-use building in Bloomfield Hills, Mich.
The building includes office, medical office and retail uses.
The financing was provided through a CMBS loan from New York-based Starwood Mortgage Capital.
The sponsor, a Michigan-based real estate developer, brought the occupancy to 100 percent within a year of construction.
