Lutz also arranged $1.9 million in refinancing for a 30,000-sf CVS-anchored retail strip center in Milvindale, MI. The borrower is SLB Limited Partnership and the lender is Republic Bank of Ann Arbor.
The loans also include $2 million in financing of a new free-standing, 15-year lease with Staples Inc. in Osage Beach, MO. The borrower was JCRE LLC, and the lender was Key Commercial Mortgage of Chicago.
Lutz is a mortgage banking firm representing life insurance companies, conduits and banks in Michigan.
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