WWSA Mixed Use Portfolio & 400 West Front Street II

Location: Ann Arbor and Traverse City, MI
Type: Mixed Use
Price: $7,800,000

SMC funded two cross-collateralized and cross defaulted loans in an aggregate amount of $7,800,000 which are comprised of a $5,700,000 first mortgage loan to facilitate the refinance of the mixed use portfolio known as WWSA Mixed Use Portfolio and a $2,100,000 first mortgage loan to facilitate the refinance of the mixed-use property known as 400 West Street. Collectively the WWSA Property and the 400 W. Front Street Property constitute 43,725 SF and have a combined occupancy of 100.0%.