Silvio Properties (EWI)
On August 13th, HREC closed a $12.5 million first mortgage loan secured by a 374,212 SF industrial property located in Dearborn, Michigan. The property is owned by Silvio Properties, an entity controlled by Dominic Silvio, founder and Chairman of Exhibit Works, Inc. (“EWI”), a leading experiential marketing and exhibit fabrication company serving the automotive, trade show, corporate events, and permanent-installation markets. EWI occupies the Property as its primary tenant.
The financing was structured as a bridge loan to support the ownership group during an active sale process for the Property. HREC provided a flexible capital solution designed to maintain operational continuity and preserve the value and marketability of the Property while the sale process is completed. Loan proceeds were used to refinance existing indebtedness, fund transaction costs, and establish an interest reserve. The transaction reflects HREC’s strategy of providing flexible, tailored capital solutions against high quality, transitional real estate assets.
