Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganFinance

Love Funding provides $33 million in financing for Detroit-area apartment community

July 10, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Love Funding recently closed a $33.3 million loan for the construction and permanent financing of Manchester, a new market-rate apartment community in the Detroit suburb of Novi, Michigan.

Manchester will offer 172 two-bedroom and three-bedroom townhome units with attached garages located in 23 two-story buildings on 19 acres. The development is being built by Fairview Construction. Manchester was designed by architectural firm Alexander V. Bogaerts & Associates, and will be managed by KMG Prestige.

The financing was secured by Love Funding Midwest regional director Bruce Gerhart and the Midwest team of Love Funding through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program.

Principals of the mortgagor are Michael and Carolina Furnari and James George, real estate developers with experience in the construction, rehabilitation and management of residential and commercial property.

Tags
Bruce GerhartDetroitfinanceLove FundingMichiganmultifamilyNovi
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Meet Hector Arellano of BAC Administrative District Council I

Mia GoulartAugust 19, 2022
MissouriCRE

St. Louis’ Green Street Real Estate Venturs creates Brick + Bev entertainment and hospitality venture

August 19, 2022
MissouriFinanceMultifamily

Northmarq provides $23.5 million in construction financing for Missouri multifamily development

August 19, 2022
MissouriMultifamily

Mia Rose Holdings bringing 144-unit multifamily community to Lake Saint Louis

August 19, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com