Michael Wheat • 22298 Heatherbrae Way S. • Novi, MI 48375
Arranged $80,000,000 equity joint venture investment for Preferred Developer for Delhaize Food Lion
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
Arranged $9,500,000 debt placement for a Four Points by Marriott
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 among all levels in the capital stack
Debt & Equity products include traditional 1st lien financing, joint venture products, preferred equity, 2nd mortgages.
Arranged $9,800,000 debt placement for a Radisson Country Inn & Suites
Contact Information
Michael Wheat
Water Street Financial
22298 Heatherbrae Way S.
Novi, MI 48375
Arranged $80,000,000 equity joint venture investment for Preferred Developer for Delhaize Food LionArranged $9,500,000 debt placement for a Four Points by MarriottArranged $9,800,000 debt placement for a Radisson Country Inn & Suites
