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Belleville Pointe Apartments LLC Secures $2.5 Million Loan For Multifamily Property In Belleville MI

Property Image
FINANCED
$2,500,000

Michigan

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MultiFamily
Financed 04/22/2026
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Property Image
FINANCED

Belleville Pointe Apartments LLC Secures $2.5 Million Loan For Multifamily Property In Belleville MI

46020 Lake Villa Drive

See Similar Deals
MultiFamily
Financed 04/22/2026
the dealplayerscompscontact
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Summary

MICHIGAN
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a 120-unit multifamily property located at 46020 Lake Villa Drive in Belleville, Michigan. The property is part of the Belleville market and has been financed through a permanent loan amounting to $2,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Landlord: Belleville Pointe Apartments LLC
  • Loan Originator: Joshua Bernard - Bernard Financial Group

The loan was arranged by Bernard Financial Group, which secured the financing from a life insurance company. Joshua Bernard represented the borrower, Belleville Pointe Apartments LLC, and acted as the originator and servicer of the deal via a correspondent lender.

Players

Joshua Bernard
Bernard Financial Group
Joshua Bernard
12 deals$110.9M volume
BROKER

Details

FINANCED
IMAGE: 04/22/2026 ADDRESS: 46020 Lake Villa Drive MARKET: Belleville, MI ASSET TYPE: Multifamily LANDLORD: Belleville Pointe Apartments LLC LOAN ORIGINATOR: Joshua Bernard - Bernard Financial Group LOAN AMOUNT: $2,500,000 NOTE: Bernard Financial Group arranged a $2.5 million permanent loan from a life insurance company for a 120-unit multifamily property in Belleville, Michigan. The borrower, Belleville Pointe Apartments LLC, secured the financing through Joshua Bernard, with BFG originating and servicing the deal via a correspondent lender.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00