finance

Chicago’s Byline Bank closes $19.1 million in financing for six industrial properties

Chicago-based Byline Bank’s Commercial Real Estate Group announced the closure of $19.1 million in financing for six industrial properties for VK Industrial Holdings VI, LLC, an…

Chicago’s Byline Bank adds to leadership team in wealth management group

Chicago's Byline Bank added new leadership in the bank’s Wealth Management group to further support the complex financial needs of the bank’s high-net-worth clients.  Doug…

District Capital provides acquisition financing for 40-unit apartment building in Michigan

Mike Lemon and Jon Potvin of District Capital arranged acquisition financing for Gardentown Apartments, a 40-unit community in Wyoming, Michigan.  The financing was placed with…

Bernard Financial Group provides $11 million in financing for Detroit apartment property

Bernard Financial Group arranged a Freddie Mac loan of $11.003 million for a 103-unit multifamily property in Detroit. The borrower is 40 Davenport LLC. Joshua…

District Capital provides 95% of capital for acquisition of 129-unit apartment building in Michigan

Mike Lemon with District Capital arranged 95% of the capital on the acquisition of a 129-unit apartment community in Riverview, Michigan. The debt was placed…

BWE closes $28 million refinance loan for multifamily development in Chattanooga

BWE secured a $28 million loan to refinance Riverview North, a 240-unit, garden-style multifamily development in Chattanooga, Tennessee. Jim Collins, executive vice president in BWE’s…

KeyBank Real Estate Capital provides $98 million in financing for three multifamily properties in Wisconsin

KeyBank Real Estate Capital secured $98 million in Freddie Mac fixed rate loans for Axiom Properties to refinance existing debt on three multifamily housing properties…

Cinnaire, MBASC close $67 million fund for development and rehab of eight multifamily communities across Michigan

Cinnaire and the Michigan Banker’s Association Service Corporation (MBASC) have announced the closing of a Low-Income Housing Tax Credit investment fund generating a total of $67…

Detroit’s District Capital pro closes 10 loans in May and June with correspondent life insurance companies

Dave Dismondy with Detroit's District Capital closed 10 loans totaling $21 million in May and June with correspondent life insurance companies.  District Capital has a…

Michigan’s SF Capital adds VP of loan origination

Farmington Hills, Michigan's SF Capital, the commercial mortgage banking subsidiary of Friedman Real Estate, has added Aaron Stempel as vice president of loan origination. In his new…