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

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.