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MichiganFinance

Eastern Mortgage Capital provides $24 million for Michigan apartments

September 30, 2019
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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.

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