Morris, Smith & Feyh, Inc., a Columbus-based mortgage banker, recently placed a $1.4 million first mortgage loan on a Big Lots single-tenant retail center in Flint, Mich., with one of its correspondent life-insurance companies.
The 40,000-square-foot property is located in the city’s main retail corridor. The loan has 10-year term and 17-year ammoritization.
Chad Kinser of the company’s Columbus office originated the transaction on behalf of Devonshire Fund.
