Skip to content
Homepage
  • Market
    • 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
  • Advertise
  • Real Estate Awards
  • Login/Register
MichiganMultifamily

Revere Capital completes $4.9M financing of two multifamily communities in Michigan

Staff Writer April 1, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Dallas-based Revere Capital has funded a $4.9 million loan on Cherry Hill Club Apartments, a 154-unit multifamily property in Inkster, Michigan, and Village Green at Lincoln Park, a 106-unit multifamily property in Lincoln Park, Michigan. Both cities are in Wayne County and suburbs of Detroit.

The borrower utilized 1031 exchange proceeds along with Revere’s funds to purchase the apartment communities, which are located at 209 Cherry Hill Trail in Inkster and 1369 Fort Street in Lincoln.

Revere financed approximately 60 percent of the acquisition price and funded the loan in less than 10 days from the time the borrower contacted Revere in order to meet the 1031 exchange deadline.

Tags
Village Green
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriCRE

St. Louis’ Kadean Construction’s revenues more than double in 2020

March 5, 2021
IllinoisRetail

Cullinan Properties rebrands Illinois’ Quincy Mall

March 5, 2021
WisconsinIndustrial

Lee & Associates closes warehouse lease in Madison

March 5, 2021
IllinoisCRE

CRE Future Leaders: Cody Balogh, The Missner Group

March 5, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • 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
  • Advertise
  • Office Locations
© 2021 REjournals.com