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Commercial Mortgage Bankers

Michael Wheat 22298 Heatherbrae Way S. Novi MI 48375

Commercial Mortgage Bankers

  • Founded 1999 by Michael Wheat
  • 10 Years in Commercial Banking; 20 years in real estate debt placement, real estate underwriting
  • Offices in Detroit, Denver & Cleveland with 4 originators
  • Served as Managing Director for a fund focused on recapitalizing financial institutions.
  • Direct portfolio underwriting assignments for
  • Closed More than $700,000,000 in Transactions
  • Diverse Lender portfolio Representing More than 400 Private Funds and institutional Lenders

Representative Transactions

  • $116,000,000—Broker of record for the refinance of Radio Free Europe in Prague Czechoslovakia
  • Facilitated lease structuring to mitigate appropriations language to facilitate financing.
  • Arranged $80,000,000 Joint Venture equity participation agreement with US based arm of German based Investment Fund
  • Placed Joint Venture equity for the development of NNN lease product with a private investment group.
  • Arranged NNN financing for numerous investment grade and non-investment grade tenants.
  • Institutional lenders include CMBS style lenders, life insurance companies and various investment funds tp provide innovative solutions
  • Debt & Equity products include traditional 1st lien financing, joint venture products, preferred equity, 2nd mortgages.

Contact Information

Michael Wheat

Water Street Financial
22298 Heatherbrae Way S.
Novi, MI 48375

(248) 465-7000 Direct
mw@mwheat.com
mw@wsfingroup.com
$116,000,000 Refinance With Chicago Investment Bank
$116,000,000 Refinance With Chicago Investment Bank
Arranged $80,000,000 equity joint venture investment for Preferred Developer for Delhaize/Food Lion
Arranged $80,000,000 equity joint venture investment for Preferred Developer for Delhaize/Food Lion
Arranged $9,800,000 debt placement for a Radisson Country Inn & Suites
Arranged $9,800,000 debt placement for a Radisson Country Inn & Suites
Arranged $9,500,000 debt placement for a Four Points by Marriott
Arranged $9,500,000 debt placement for a Four Points by Marriott