An existing tenant with three years remaining on a lease of the remaining 8,000 sf.
The financing is a 10-year fixed note, 20-year amortization schedule and closed at 6.5%. The borrower incurred no costs from the local bank lender, including all third-party reports, Seltzer says.
Farmington Hills, MI-based Lutz Capital Corp. places debt with life insurance companies, Wall Street firms and banks.
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