Mezzanine Loans in Michigan
Browse 8 lenders offering mezzanine loans in Michigan. Compare rates, requirements, and loan programs — then connect directly.
Mezzanine Lenders in Michigan
8 lenders offering mezzanine loans to borrowers in Michigan.
Acore Capital
New York, NY
Commercial real estate finance company providing bridge, mezzanine, and preferred equity. $20B+ in originations. Institutional-quality deals.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
Goldman Sachs
New York, NY
Major CMBS conduit originator. Large-scale commercial mortgage financing and mezzanine debt.
Greystone
New York, NY
Full-service commercial real estate lending platform. Agency, bridge, mezzanine, and permanent financing. Top Freddie Mac and FHA lender.
JLL Capital Markets
Chicago, IL
Global commercial real estate services firm. Debt placement, equity advisory, and investment sales across all property types.
LoanCore Capital
Hartford, CT
Transitional commercial real estate lender. Bridge and mezzanine debt for value-add and repositioning strategies.
Morgan Stanley
New York, NY
Top CMBS originator. Large commercial real estate lending and securitization.
Walker & Dunlop
Bethesda, MD
Major commercial real estate finance company. Multifamily specialist. Agency, bridge, and mezzanine lending.
About Mezzanine Loans in Michigan
Mezzanine financing sits between senior debt and equity in the capital stack. It allows borrowers to increase leverage beyond what a first mortgage provides, reducing the equity needed for a deal. Secured by a pledge of the borrower's ownership interest rather than a lien on the property. In Michigan, 8 lenders currently offer Mezzanine financing with loan amounts from $1M to $100M and rates typically ranging from 10% - 18%.
Michigan Market Overview
Michigan's economy is transitioning beyond its automotive manufacturing roots, with Detroit's revitalization attracting technology companies and startups. The state's extensive freshwater coastline and university system support a diversifying economic base.
Michigan's Industrial Facilities Tax Exemption can reduce property taxes on new or rehabilitated industrial facilities by up to 50% for up to 12 years, making it a powerful incentive for manufacturing-related CRE. Detroit's commercial market offers some of the most attractive cap rates among major metro areas, though investors must carefully evaluate neighborhood-level conditions. Michigan's non-judicial foreclosure by advertisement is fast (approximately 60 days), but the state provides a 6-month redemption period for commercial properties, during which the borrower can reclaim the property by paying the full amount owed.
Who Should Consider Mezzanine Loans?
- Reducing equity requirement
- Large acquisitions
- Development projects
- Recapitalizations
Key Requirements
- Strong sponsor track record
- Viable business plan
- Senior lender approval for subordinate debt
- Adequate debt service coverage for total debt
Pros and Cons
Advantages
- ✓Reduce equity needed
- ✓No lien on property (pledge of ownership)
- ✓Flexible structures
- ✓Can be interest-only
Considerations
- •High interest rates
- •Subordinate position = higher risk
- •Requires senior lender approval
- •Complex documentation
Mezzanine Loans FAQ
How does mezzanine differ from a second mortgage? ▼
Mezzanine Loans by City in Michigan
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