Finance

Grand Rapids office of Cohen Financial arranges $6.3 million in financing for Midwest projects

Cathy Bronkema, managing director in the Grand Rapids, Michigan, office of Cohen Financial, arranged a total of $6.32 million in long-term debt financing with a…

First Bank of Highland Park appoints Eric Ephraim as president and COO

First Bank of Highland Park (FBHP) has appointed Eric Ephraim as president and chief operating officer. Ephraim’s responsibilities will include executing the bank’s strategic plan…

Arbor provides $4.4 million acquisition loan for Knoxville apartment community

Arbor Realty Trust, Inc. recently funded a Fannie Mae DUS® loan of more than $4.4 million in Knoxville, Tennessee, for Sunset Rill Apartments.

Dougherty Funding closes $25 million loan for commercial properties in North Dakota, South Dakota

The Minneapolis office of Dougherty Funding has closed a $25.225 million loan to refinance a portfolio of five commercial properties in Fargo and Grand Forks,…

The State Bank closes financing for pair of apartment buildings in Michigan

The State Bank recently closed the financing of two multifamily projects in Michigan.

Greystone provides $1 million loan for Michigan apartment building

Greystone provided a $1 million Freddie Mac small balance loan to refinance Huron River Apartments in Rockwood, Michigan. The transaction was handled by Cary Belovicz,…

Finding opportunities for commercial real estate financing

Developers trying to analyze which projects are more apt to receive financing, take heart. There are opportunities in all asset classes and in all markets.…

Bernard Financial Group closes acquisition loan for historic Detroit hotel

Bernard Financial Group recently closed a loan with Bank of Ann Arbor for the acquisition and renovation of the historic St. Regis Hotel in Detroit's…

FirstPathway Community Development receives $15 million in New Markets Tax Credits

The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded FirstPathway Community Development $15 million in New Markets Tax Credits (NMTCs). The…

Mortgage Bankers Association honors Grandbridge Real Estate Capital leader

The Mortgage Bankers Association awarded Thomas Dennard, Chairman and Chief Executive Officer of Grandbridge Real Estate Capital, with the 2018 Commercial Real Estate Finance Distinguished…

Finance

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