Farmington Hills, MI – (December 14, 2020) Friedman Finance’s Ryan Denomme arranged a $1,032,675 acquisition loan secured by a ±36,800 SF multi-tenant shopping plaza in Westland, Michigan. The property sold at auction and is currently 67% occupied. Ryan Denomme, Director of Friedman Finance, originated and closed the 70% LTV quickly; allowing the sponsor to meet the closing deadline despite challenges related to occupancy and the COVID-19 pandemic.
Friedman Finance specializes in matching investors and owners of commercial real estate with sources of capital. Utilizing a network of banks, credit unions, life insurance companies, CMBS lenders, and private equity investors it provides debt and equity solutions for investment real estate projects of all types. Friedman Finance is a subsidiary of Friedman Real Estate.
About Friedman Real Estate
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 22,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $20 billion in closed transactions. As owners and managers of commercial property for over 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at www.friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube, and Twitter.