MichiganFinance Eastern Mortgage Capital provides $24 million for Michigan apartments September 30, 2019 Share on Facebook Share on Twitter Share on LinkedIn Share via email Eastern Mortgage Capital has provided $24.30 million in permanent financing on 555 Residential, a 99- unit multifamily property in Birmingham, Michigan. Eastern provided a FHA-insured 223(f) 35-year, fixed-rate loan. 555 Residential was constructed in 1978 and is part of a larger office and retail complex located in the heart of downtown Birmingham, Michigan.