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MichiganFinance

Friedman closes $26 million of loans for office buildings in Michigan

February 13, 2019
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Friedman Finance recently arranged loans totaling $26.5 million secured by two suburban office buildings in Troy, Michigan.

Ryan Denomme, Director of Friedman Finance, originated the loans through a regional bank.

The non-recourse loans featured 10-year terms and attractive interest rates. They also provided the borrower, a local investor group, with the flexibility to prepay the loans early with minimal prepayment penalties compared to CMBS and life company offerings of similar term.

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