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MichiganCRE

Love Funding provides $11.3 million bridge loan for assisted-living facility in Carbondale

Staff Writer April 2, 2017
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NAI Wisinski of West Michigan broker Bill Tyson, represented property owner Riverstone LLC in the sale of a 2,733-square-foot building at 5091 Broadmoor Avenue S.E. in Kentwood, Michigan to buyer Jason Brinks.

The property, which sits on 1.51 acres with 580 feet of frontage along Broadmoor (M-37), will be updated for use as a used-car retail operation doing business as J Brinks Motor Sales. Brinks currently operates as a used-car wholesaler in Saugatuck. The Grand Rapids location is expected to open in the spring of 2016.

The site had previously been used for auto-related businesses, including a national rental car agency and a local auto dealer.

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