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Senior Debt Financing

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For existing, stabilized assets or less risky tranches of investment capital that meet underwriting criteria, DMI will provide competitive, longer-term senior debt financing solutions.

Target Project Range Target project range is $5 - $35 million.
Target Investment Range Target Investment size is $3 - $10 million, subject to program conditions and DMI underwriting criteria.
Target Investment Period 5 - 7 years.
Target Leverage 75% LTV
Investment Capital Fixed-rate interest during the loan term, subject yield maintenance requirements and industry carve-outs.
Geography Projects must be located within the State of Michigan.
Project Impacts Projects must show substantial "second bottom line" of community impacts, such as quantifiable job creation or community development.
Develop Michigan 1118 S. Washington • Lansing, MI 48910  • Tel: (517) 364-8951  • info@developmichigan.net
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