Tower 400
                     Tower 200

Location: Southfield, MI

Loan Amount: $17,700,000

Interest Rate: 11.00%

Term: 36-Month

Amortization: Interest Only

Loan to Value: 50%

Purpose:  The financing structure included an initial term of three years with possible extension options to refinance a maturing loan. The borrower intends on doing comprehensive capital improvements to lease-up the vacant space and then refinance the property with permanent debt.

The sponsor sought certainty of execution in order to refinance its current loan under an expedited closing timeline with a year-end maturity - The new loan was closed in 15 days from application.

The borrower is a Toronto-based real estate investor with extensive experience in owning and leasing Class-A office properties throughout North America.