Farmington Hills, Michigan (September 25, 2019) – Friedman Finance is pleased to announce that it recently arranged a loan for a 28,000 SF office condominium set within a 37,000 SF office building located in Detroit, Michigan. Ryan Denomme, Director of Friedman Finance, originated the loan through a local bank for a repeat client.
“The property is well located in an up-and-coming neighborhood within the city. The owner/occupant completed a full renovation after acquiring the property and was looking to return equity to complete other projects,” said Denomme. “We were successful in creating a relationship between the owner and lender that allowed both parties to accomplish their goals.”
Friedman Finance specializes in matching investors and owners of commercial real estate with sources of capital. Utilizing our network of banks, credit unions, life insurance companies, CMBS lenders and private equity investors, we provide 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, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 18M SF and more than 22,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.