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MichiganCRE

Axilla Capital closes $2.3 million loan for four-building apartment portfolio at Eastern Michigan University

Staff Writer April 4, 2017
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Axilla Capital recently closed a $2.3 million loan to refinance a portfolio of four apartment complexes on the campus of Eastern Michigan University in Ypsilanti, Mich.

Joel Mazur, principal of Axilla Capital, originated the transaction and secured the financing.

The student-housing portfolio consists of 201 North Huron Street, 509 West Forest Avenue, 701/705 Emmet Street and 712 Washtenaw Avenue. The properties contain a total of 60 apartments.

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