Matthews™ Capital Markets Secures $8.7M Loan for Multifamily Refinance

Multifamily Refinance Loan in Detroit

 

DETROIT — Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™, recently secured a $8,700,000 loan for the refinancing of New Cadillac Square Apartments at 111 Cadillac Square, Detroit, MI. Matthews™ Associate Jack Quigley handled the loan transaction.

 

The apartment, located in the heart of historic downtown, features 21 stories with 221 high-rise units offering views of Detroit’s skyline. The loan was serviced through a credit union with no prepayment penalty and a floating rate execution with a free rate lock ability at the borrower’s discretion.

 

“Utilizing our robust network of lenders at Matthews™ Capital Markets, we were able to secure a refinance with favorable terms within our client’s required timeframe,” Quigley said.

 

MCM is actively recruiting capital markets specialists throughout the United States. For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

ABOUT MATTHEWS™ CAPITAL MARKETS

The Matthews™ Capital Markets Division (MCM) is a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™. Matthews™ Capital Markets provides capital solutions ranging from $500,000 to $100 million for all property types across the U.S.