Ready Capital Corporation recently closed ten alternative commercial mortgages in Michigan including:
- Detroit – Finance and restructure debt on 90,000 sq ft downtown Detroit office building
- Holly - Commercial mortgage on multifamily
- Auburn Hills – Commercial mortgage on vacant industrial land
- Southfield – Commercial Mortgage to purchase a bank owned vacant office building
- Pontiac – Commercial mortgage on restaurant/bar for expansion
- Belleville- Acquisition financing for ice cream facility
- Macomb Twp – Refinance of medical rehabilitation facility
- Milford – Refinance of residential land for development
- Sterling Heights – Refinance of multi-tenant medical facility
- Ann Arbor – Refinance of downtown Ann Arbor restaurant/bar
Ready Capital Corporation, located in Birmingham, MI, provides and services small balance commercial mortgages and business loans throughout Michigan. The above transactions were all below $2 million. Ready Capital Corporation provides alternative capital to a wide range of businesses.