Southfield Retail Portfolio

Location: Southfield, MI
Type: Retail
Price: $ 12,900,000

Starwood Mortgage Capital has provided a $12,900,000 ten year first mortgage to refinance the existing debt collateralized by the Southfield Retail Portfolio, a single loan collateralized by two neighboring shopping centers, which are located in Southfield MI along Greenfield Road, a major north-south arterial and commercial corridor serving the subject submarket. The improvements consist of two single-story retail buildings totaling 188,973SF originally built in 1977 (renovated in 2003) and 1990.