Finance

Bernard Financial Group provides $5.6 million in financing for five-building industrial property in Michigan

Bernard Financial Group has closed a $5.6 million life company loan for a 138,972-square-foot five-building industrial property in Madison Heights, Michigan. The borrower is 30900…

KeyBank provides $25 million loan for affordable housing in Indiana

KeyBank Community Development Lending and Investment provided a $25 million loan through Freddie Mac and more than $21.8 million of low-income housing tax credit equity…

Newcastle Limited hires Jiten C. Sood as Controller

Newcastle Limited is pleased to announce the addition of Jiten C. Sood as the firm's Controller. In his new role, Sood will be responsible for…

Bernard Financial closes $8.7 million loan for Michigan apartment community

Bernard Financial Group has arranged a $8.7 million Fannie Mae loan for a 194-unit multifamily property in Romeo, Michigan. The borrowing entity is Apple Valley…

Kerr Economic Development Corp. opens region’s first-ever business incubator

The Kerr Economic Development Corporation (EDC)announced today that its “KerrEDGE Entrepreneurial Center” is now open. The one-stop shop for current and prospective business owners offers support,…

Chicago non-profit lender changes its name

Determined to help all small businesses, Chicago Neighborhood Initiatives Micro Finance Group, a nonprofit Chicago lender, announced it is changing its name to Greenwood Archer…

Lument provides $50.4 million in acquisition financing for 436-unit apartment community near Indianapolis

Lument has closed a $50.4 million Freddie Mac loan to facilitate the acquisition of Gramercy Apartments, a 436-unit multifamily community in Carmel, Indiana, near Indianapolis.…

Minnesota Housing closes $1.4 million refinance for 35-unit apartment property in St. Paul

Minnesota Housing recently closed a $1.4 million refinance of BROWNstone on University Avenue in St. Paul, Minnesota. BROWNstone has 35 affordable units, as well as…

Parkview Financial provides $34 million bridge loan for refinance of Indiana shopping center

Parkview Financial has provided a $34 million bridge loan to Metropolis Lifestyle Center, LLC, an entity of Poag Shopping Centers, for the refinance and repositioning of…

JLL Capital Markets provides $21 million in financing for 178-unit apartment community in Wisconsin

JLL Capital Markets has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multi-housing community in downtown West Allis, Wisconsin. JLL…

Finance

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