FINANCED
Bali Kumar Secures $4M Refinance Loan For Traverse City Development Site
232 East State Street
Development Site
Financed 66 days ago
Summary
Loan
MICHIGAN
Development Site
The Boardwalk is a Traverse City condominium project located at 232 East State Street. This development site features 42 units in phase one and 48 units in phase two, utilizing modular construction. The project aims to implement energy-saving measures funded by a local credit union through the PACE program administered by Lean & Green Michigan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Lender: Bali Kumar - PACE Loan Group
- Loan Type: Refinance
Bali Kumar from PACE Loan Group successfully secured nearly $4 million in C-PACE financing for The Boardwalk project in Traverse City. The financing will support the condominium project's energy-saving measures and contribute to its development progress.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Bali Kumar
DATE: 02/29/2024
ADDRESS: 232 East State Street
MARKET: Traverse City, Michigan
ASSET TYPE: Development Site
LENDER: Bali Kumar - PACE Loan Group
LOAN AMOUNT: $4,000,000
LOAN TYPE: Refinance
NOTE: PACE Loan Group secured nearly $4 million in C-PACE financing for The Boardwalk, a Traverse City condominium project featuring 42 units in phase one and 48 units in phase two. The project, utilizing modular construction, will implement energy-saving measures funded by a local credit union through the PACE program administered by Lean & Green Michigan.View on map
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Address232 East State Street
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