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Retail

Permanent Loan – Refinance

  • $2,000,000
  • Ground Lease
  • Rochester Hills, MI

Axiom Capital Corp. has arranged $2,000,000 in permanent financing for the refinance of a ground lease in Rochester Hills, MI. The non-recourse loan was self-amortizing over a 15-year term with a fixed rate.

Bank of America has occupied the Property since it was built in 2013. The Property features a 2,500 square foot building with a Drive Thru and approximately 24 parking spaces on 1.04 acres.

The Property is ideally positioned along South Adams Road (19,476 VPD) and immediately off of Veterans Memorial Freeway (98,500 VPD). The Property is near Oakland Community College – Auburn Hills Campus, which is the largest community college in Michigan. Retailers in the immediate area include Meijer, Walmart Supercenter, Panera Bread and PetSmart.