SCCA Closes CRE Loan in Clinton Township, Michigan04/20/2016
On behalf of client The Northern Trust Company, corporate and banking partner Rob Mintz successfully negotiated, documented and closed a commercial real estate loan for a shopping center in Clinton Township, Michigan. Stahl Cowen’s banking and finance team, which includes Jeff Stahl, Lauane Addis, Tom Moffitt, Elizabeth O’Brien, Tim Fitzgerald and Becky Vicario, handles a wide variety of loan projects on behalf of their financial institution clients. Loans of many types are handled by the team, including mortgage loans, term loans, capex loans, mezzanine loans, revolving loans and bonds, just to name a few. Rob mentioned that “an interesting twist of the Clinton Township loan was that it involved the defeasance of an existing Wall Street-backed collateralized debt obligation.” The team is paying particular interest to how such Wall Street related debt will be addressed in the near term.