Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganFinance

Berkadia provides $23 million in financing for Michigan apartment complex

May 2, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Berkadia provided $23.12 million in financing for Ashford Apartments, a garden-style multifamily property in Shelby, Michigan. Senior Managing Directors Colin Callaghan and Peter Benedetto of Berkadia’s Detroit office secured the permanent refinancing on behalf of Michigan-based Ashford 180 LLC, an affiliate of MJC Companies. The deal closed on April 25.

The 15-year Fannie Mae loan features a 30-year amortization and a 75 percent loan-to-value ratio.

Located at 48377 Commonview Drive, Ashford Apartments features two-bedroom floor plans with nine-foot ceilings, full-sized dining areas, in-unit laundry, energy-efficient glass windows and doors, tiled bathrooms, open living spaces and private home entrances.

Community amenities include a resort-style pool and a sundeck, professional landscaping and various health and fitness clubs. Residents are afforded convenient access to Barclay Lake, Woodall Neighborhood Park, Burgess-Shadbush Nature Center, the restaurants along Rochester Road and the shopping in downtown Rochester.

Tags
BerkadiaDetroitfinanceMichiganmultifamilyShelby
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IndianaIndustrial

The Opus Group begins construction of spec industrial building in Northwest Indiana

June 6, 2023
IllinoisIndustrial

Demand, sustainability and automation: A Q&A with Prologis

Mia GoulartJune 6, 2023
OhioCRE

Marcus & Millichap names SVP of investments in Columbus

June 6, 2023
MissouriCRE

Kansas City’s VanTrust Real Estate launches science and technology division

June 6, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com