Commercial Mortgage Refinancing in Detroit, MI
Detroit’s commercial real estate market has undergone one of the most dramatic turnarounds of any major US city. The downtown and Midtown core — anchored by Dan Gilbert’s Bedrock real estate portfolio, the Detroit Medical Center, Wayne State University, and a growing roster of tech and creative tenants — has seen sustained investment and revitalization over the past decade. Meanwhile, the broader metro market in Oakland and Macomb counties remains one of the strongest suburban commercial corridors in the Midwest, driven by the automotive industry’s global headquarters cluster in suburban Detroit.
For commercial property owners with maturing balloon loans, Detroit’s recovery has been a double-edged sword — values are up in core neighborhoods but lender appetite varies significantly by submarket. RefiLoop works with lenders who understand both downtown Detroit’s premium and the suburban market’s fundamentals.
Detroit’s Commercial Property Landscape for Refinancing
Multifamily in Midtown, New Center, and Corktown has seen tremendous rent growth — Detroit went from one of the lowest-rent major cities to a market with significant year-over-year increases. These properties refinance well through FNMA, Freddie, and debt fund channels. Industrial in Wayne, Oakland, and Macomb counties benefits from auto-sector supply chain demand — Tier 1 and Tier 2 suppliers lease millions of square feet across metro Detroit. Retail in suburban centers like Troy, Southfield, and Dearborn remains active.
Office in Detroit requires lender selectivity — Class A downtown is financeable, suburban office is more challenged. RefiLoop helps Detroit owners identify which lenders are underwriting their specific product type and submarket today.
Auto Industry’s Effect on Detroit Commercial Real Estate
Ford’s Dearborn headquarters, GM’s Renaissance Center, and Stellantis facilities anchor employment across the metro. The EV transition has created new commercial demand — battery plants, R&D facilities, and supplier plants are being built across metro Detroit. For owners of industrial and flex product near these corridors, refinancing fundamentals are generally strong. RefiLoop’s lender network includes debt funds actively targeting Michigan industrial.
How RefiLoop Helps Detroit Borrowers
RefiLoop (NMLS #2510864) specializes in commercial balloon refinancing for Michigan property owners with loans from $500K to $15M. If your Detroit-area commercial loan is maturing or your lender is non-renewing, submit your property at refiloop.com.
See also: Michigan Commercial Mortgage Refinance Guide | Commercial Mortgage Refinancing — Complete Guide
About David Greenbaum
David Greenbaum is a commercial mortgage broker and co-founder of RefiLoop. He specializes in helping commercial property owners refinance maturing loans between $200K and $15M across Texas, Florida, Georgia, North Carolina, Ohio, and other priority markets. With hands-on experience in commercial bridge loans, debt fund financing, and conventional CRE refinancing, David helps borrowers find the right capital source for their situation — not just the easiest one.