$2,040,000 | MEDICAL OFFICE PURCHASE SOUTHFIELD MI

New Closed Bridge Loan $2,040,000

PURCHASE 1031 EXCHANGE

Loan Type: Bridge Loan Loan Amount: $2,040,000
Loan Term: 2 Year Loan to Value: 67%
MOB - 18544 W. 8 Mile Rd – Southfield (Davita)

 

Southfield, Michigan

The borrower identified a triple net (NNN) leased medical office building with a dialysis center tenant.  The primary challenge faced by the borrower was the speed and certainty required to close because of the amount of time left to complete their 1031 exchange.  Recommended by the Realtor, Wilshire used its internal underwriting and the discretionary capital in our debt funds to quickly and efficiently close the transaction before the exchange deadline.

Why Wilshire? 

  • Nationwide Direct Portfolio Lender, with two Real Estate Debt Funds.
  • Entrepreneurial Approach, Institutional Sophistication and Discretionary Capital.
  • Fast, Easy, Flexible Financing Solutions
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