MichiganMultifamily CBRE closes $15 million of loans for Michigan multifamily properties February 11, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email CBRE provided two Fannie Mae DUS conventional loans in the amount of $15.957 million to finance the acquisition of two multifamily properties in Michigan. The loans were obtained by Michael Duggan, Brian Robertson, and Sam Orman of CBRE Capital Markets’ Debt & Structured Finance Team and David Carey of Emerald Isle Investment Partners on behalf of their client, VennPoint Real Estate. Blue Herron Pointe is a 64-unit, nine building property located at 6244 Trumpeter Lane in Washtenaw County, Michigan. The Ravines of Plymouth apartments are a 54-unit, five building property located at Woodridge Circle Plymouth Twp. in Wayne County, Michigan. Both loans are fixed for 10 years and are interest-only over the full term of the loan. VennPoint Real Estate is a Chicago-based company that focuses on the development, redevelopment, and acquisition of properties, with projects in multiple states across the country.