Short-Term Bridge Loan in Detroit, MI

VCREF provided the Sponsor a refinance bridge loan with a 24-month term to refinance the Leo Collection Detroit. The proceeds from the loan were used to pay off the current debt, fund reserves, and pay closing costs related to the transaction.

Location: Detroit, MI
Property Type: Hotel
Loan Type: Refinance
Loan Program: Short-Term Bridge Loan
Amount: $9,500,000

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