Edmond Haber Of Truestone Secures $4.27M Bridge Loan For 164-Unit Multifamily In Detroit

23600-23650 West 7 Mile Road is a multifamily asset in the Detroit market, consisting of 164 units. The loan for this property amounts to $4,270,000, structured as a bridge loan with terms of 12+6 months, supporting purchase and rehab at 80% LTC. The transaction was completed under a tight timeline of less than three weeks.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,270,000
• Loan Type: Bridge
• Loan Terms: 12+6 Months
• Units: 164
• Lender: Edmond Haber - Truestone
• Date of Transaction: 3/31/2026
• Market: Detroit

Edmond Haber represented Truestone in this transaction. The deal was an out-of-state transaction and was noted for its swift execution within a tight schedule, highlighting the efficiency of all parties involved. The lender expressed appreciation for the collaborative efforts in successfully closing this transaction on time.