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MichiganFinanceMultifamily

Bernard Financial closes $9.35 million loan for apartment development in Michigan

May 6, 2022
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Bernard Financial Group closed a $9.35 million permanent life insurance company loan for a 144-unit luxury garden-style apartment development in Livonia, Michigan.

The borrower is Arbor Woods Apartments LLC.

Dennis Bernard and David Ruff with Bernard Financial originated the loan. The lender, Minnesota Mutual Life Insurance Company, is a correspondent of BFG. BFG will provide servicing for this loan.

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